KCB reinstates dividend as half-year profit jumps 87pc

Paul Russo

KCB Group CEO Paul Russo during the release of the bank's H1 2024 Financial Results on August 21, 2024.

Photo credit: Francis Nderitu | NAtion

KCB Group has reinstated dividends with a proposed payout of Sh1.5 per share for the half year ended June, after its net profit surged 87 percent to Sh29.1 billion, helped by higher interest and non-interest income.

The dividend, amounting to Sh4.8 billion, will be paid on October 30 to shareholders on record as at September 12.

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