KCB Group made headlines after it released its FY ‘2024 numbers, reporting a 65% growth in post tax profits to Ksh61.77Bn and paid Ksh 1.50 final dividend per share.
The Group CEO, Paul Russo said that the sale of National Bank of Kenya to Access Group is a work in progress. On dividends, the lender says it now targets 40% + dividend payout ratio.
KCB’s book closure date for a final dividend of Ksh1.50 per share will be on 3rd April 2025.
This week, treasury bill rates have continued to slump into the <10% territories. Nonetheless, the bills were oversubscribed, seeing the government raise about Ksh 3 Bn above the Ksh 24 Bn that was on offer.
NCBA expanded its footprint with a new branch in Tatu City, bringing convenient and accessible banking closer to the community. As part of its commitment to supporting economic growth, the bank will offer a full suite of financial solutions, including personal and business loans, mortgage financing, and everyday banking services. #NCBATatuCity #Goforit
The bank was also recognized with the Excellence in Asset Finance Award by the International Center for Strategic Alliances (ICSA) at the Connected Banking Summit – East Africa. #NCBATwendeMbele #Goforit
Equity Life Assurance (Kenya) Ltd (ELAK) was named as the 1st runner up for the Best Loss Ratio Award under the Group Life Best Practice category at the Association of Kenya Insurers (AKI) Awards 2024.
Sanlam Kenya Plc has reported a net profit of Sh1.05 billion for the financial year ending December 2024, largely due to a significant increase in investment income.
Former Nairobi Securities Exchange boss, Mr. Geoffrey Odundo, has been appointed Group MD & CEO for Nation Media Group Plc.
We ended the week on a high note by hosting HF Group CEO, Robert Kibaara in a special #WisdomSeries X-Space themed “Taking Control of Your Personal & Business Finances.” You can use this link to listen to the conversation: Tune In
Up next, we will host Jubilee Health Insurance CEO, Njeri Jomo, in a special #WisdomSeries webinar where she will share what it takes to get to where she sits today. This will take place on 26th March 2025, from 7pm EAT (Zoom Joining Link: https://bit.ly/NjeriJomoWisdomSeries, Passcode:Wisdom2025). Stay tuned!
Also coming up in April, the #FinancialLiteracyMonth edition Masterclass. Register by 31st March for the early bird price of Ksh 6,000.
