This archive report was first published on 18 June 2020.
On June 17, 2020, KCB Group Plc announced that it had disbursed KSh 2.12 billion in dividend earnings to the Government of Kenya for the year ending December 2019.
This payout marks a significant milestone in the bank's commitment to maximizing shareholder value and providing a sustainable return on investment.
According to the bank's 2019 financial report, the government is the largest shareholder in KCB, owning 19.76% of the bank's stocks, followed by the National Social Security Fund (NSSF) with 7.12% shareholding.
Speaking on the payout, KCB Group Chairperson Andrew Kairu stated, “KCB has over the years consistently maximized shareholder value and provided an unmatched return on investment to its shareholders and above all, built a sustainable organization.”
The KCB Group recently conducted a virtual Annual General Meeting on June 4, 2020, where shareholders elected PriceWaterhouse Coopers to replace KPMG as their independent auditors.
As of 2019, the bank had disbursed a total of KSh 11.1 billion in dividends for the financial year.
