KCB triples dividend after profit jump, targets DRC

A KCB branch in Gikomba Market in Nairobi on Thursday, November 12, 2020. PHOTO | DENNIS ONSONGO | NMG

Listed lender KCB #ticker:KCB has tripled its dividend payout to Sh9.64 billion for the year ended December 2021, while retaining Sh24.5 billion to finance new acquisitions and grow its business in Rwanda and Kenya.

The bank reported a 74 percent jump to Sh34.09 billion in net earnings for the year, driven by lower provisions for bad debts and higher income from loans.

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