Search

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

Nairobi, Kenya. © Unspalsh
  • 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.

You need an active subscription to continue reading this article.

Recent Business

Copper mine. Photo by Jandira Sonnendeck @ Unsplash
Zambia copper output surges nearly 18% on KCM, Mopani ramp-up
Read More »
Photo by Ahmed Ezzat @ Unsplash | Cairo, Egypt
Egypt seeks investors to unlock 7.3 million tons of gold reserves
Read More »
mining-excavator-1736293_1920
Ethiopia's gold exports get $1.84 billion boost from Tigray
Read More »

Recent Politics

Kenya youth protest. Photo by Hassan Kibwana @ Unsplash
Is U.S.-Kenya tension over Sudan rebel links really about China?
Read More »
Photo by Hassan Kibwana @ Unsplash | Kenya protest
Ruto allies vow to ‘rig’ Kenya 2027 election
Read More »
Photo by Aliaksei Lepik @ Unsplash Port
US, Russia jostle for influence at Togo’s growing seaport
Read More »

Latest Posts

Latest news insights