KCB Group Shareholders Approve Ksh 9.6 Billion Dividend as Bank Eyes National Bank Merger

KCB Group shareholders have approved a Ksh 9.6 billion dividend payout for the financial year ending December 2024, affirming investor confidence in the banking giant’s growth strategy.

The dividend payment, scheduled for May 23, 2025, will go to shareholders on the register as of April 3, 2025. The total payout includes an interim dividend of Ksh 1.50 per share disbursed in October 2024, bringing the full-year dividend to Ksh 3.00 per share.

This comes as KCB continues to post strong earnings, with the bank reporting a profit after tax of Ksh 16.53 billion in the first quarter of 2025, marking a modest increase from last year. The performance has been driven by a stable loan book and expanding returns from regional subsidiaries.

KCB’s subsidiaries contributed 32% of pre-tax profits in Q1 2025, showing the benefits of the bank’s regional footprint and cross-border operations.

Key Highlights:

• Total revenue for Q1 2025 rose 2% to Ksh 49.4 billion

• The balance sheet grew to Ksh 2.03 trillion

• Subsidiaries accounted for nearly one-third of group pre-tax earnings

The Group’s CEO noted that the improved numbers reflect ongoing investments in technology, customer service, and regional markets. He said the focus remains on sustainable returns for shareholders, even amid a complex macroeconomic environment.

In a major strategic move, KCB is also finalizing its acquisition of National Bank of Kenya (NBK). The deal, which has received both government and regulatory approvals, will further cement KCB’s leadership position in the Kenyan banking sector.

The acquisition is expected to bring synergies, increase market share, and enhance service offerings to both retail and corporate clients.

As the bank pushes ahead with its growth agenda, shareholders are watching closely to see how these moves will reshape Kenya’s financial landscape and what it means for the future of competition, innovation, and banking inclusion.

For investors, the Ksh 9.6 billion dividend is not just a reward — it’s a signal that KCB is positioning itself for a stronger, broader footprint across the region.

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