KCB declares interim dividend as profit doubles to Sh25bn

A KCB bank branch at Kipande House, Nairobi. PHOTO | DENNIS ONSONGO | NMG

KCB Group #ticker:KCB has declared an interim dividend of Sh1 per share after its net profit more than doubled to Sh25.1 billion in the nine months ended September.

The lender becomes the second to declare a surprise interim dividend for the third quarter after Standard Chartered Bank Kenya #ticker:SCBK which has proposed a payout of Sh5 per share after its net income surged 46.6 percent to Sh6.3 billion.

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