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Kenya’s KCB declares largest-ever interim payout on NBK sale windfall

Nairobi, Kenya. © Unspalsh

Herald Aloo

Herald Aloo, a journalist based in Nairobi, covers Kenya's economy, focusing on banking, and energy.
  • Kenyan lender declares largest-ever interim payout of Ksh13 billion ($100.6m)
  • Sale of National Bank of Kenya boosts profit despite high defaulted loans

 

NAIROBI, KENYA – KCB Group has declared an interim dividend of Ksh4 ($0.03) per share, totalling $100.6 million – the largest in the bank’s history – following proceeds from selling the National Bank of Kenya (NBK) to Nigeria’s Access Bank.

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