Banks resume dividends as loan defaults fall

The Central bank of Kenya, Nairobi on Tuesday, January 5, 2021. PHOTO | DENNIS ONSONGO | NMG

Bank investors are set for a significant increase in dividend income in the next five months as the listed lenders make cash distributions for the year ending December amid improved profitability and brighter economic prospects.

KCB Group #ticker:KCB, Standard Chartered Bank Kenya #ticker:SCBK and Stanbic Holdings #ticker:SBIC have paid or declared interim dividends totalling Sh5.7 billion.

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