Six top bank CEOs earn Sh1 billion in one year

Gideon Muriuki (Sh376.47m) (left), Joshua Oigara (Sh273m) (centre) and Jeremy Awori (Sh101.6m). FILE PHOTOS | NMG

Kenya’s six highest-earning bank chief executive officers took home a total of Sh1 billion in salaries, allowances and bonuses last year, reaping from increased profitability of the lenders even as other sectors of the economy went through lean times.

Pay disclosures made in the banks’ annual reports show that the CEOs of Co-operative Bank #ticker:COOP , KCB #ticker:KCB, Barclays Kenya #ticker:BBK, Standard Chartered #ticker:SCBK, NIC Bank #ticker:NIC and mortgage financier HF #ticker:HF together earned Sh1.01 billion in 2018, up from Sh987 million a year earlier.

PAYE Tax Calculator

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