NCBA increases interim dividend as profits soar 5pc

NCBA Group Managing Director and CEO John Gachora at a past media briefing on August 24, 2023.  

Photo credit: File | Nation Media Group

The NCBA Group has raised its interim dividend by 28.6 percent to Sh2.25 per share, equivalent to Sh3.71 billion, following a jump in net profit for the six months to June 2024.

Financial results released on Thursday showed that the lender increased the interim dividend from Sh1.75 per share paid last year. The increase came as net profit rose five percent to Sh9.82 billion from Sh9.35 billion.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.