At the 50th Annual General Meeting, shareholders of KCB Group approved a first and final dividend of KShs 1.00 per share. The dividend worth KShs.3.2 billion shall be paid on or before June 26, 2021, net of withholding tax to the shareholders who were on the register of members at the close of business on April 26, 2021.
“The pandemic tested our resilience, but the Group maintained the balance sheet growth momentum it has built for over a decade. This growth was recorded across all the businesses and translated to all the subsidiaries returning a profit for the year,” said KCB Group CEO and MD Joshua Oigara.
“As the economy continues to reopen, we are strengthening our balance sheet to give us room to support our customers and stakeholders through the crisis while ring-fencing the business for the post-pandemic growth,” said Mr. Oigara.
KCB Group Plc. shook off the effects of the ongoing COVID-19 pandemic to post a net profit of KShs.6.4 billion in the first quarter of 2021 ending March. The 2% growth in profitability from KShs.6.3 billion a year earlier was on the back of increased net interest income and cost-saving initiatives.
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