The Lower Eastern Times Opening The Third Eye
KCB Group has increased its interim dividend by 50 percent to Sh3 per share for the six months ended June 2026, following a strong improvement in its financial performance.
The lender will distribute a total of Sh9.64 billion to shareholders, compared with the Sh2 per share paid during the corresponding period last year.
KCB recorded a 20.8 percent increase in gross profit to Sh49.3 billion, driven by growth in both funded and non-funded income.
Total income rose by 9.5 percent to Sh108.1 billion during the period. Non-funded income increased 15.4 percent to Sh34.1 billion, while funded income grew by 7 percent to Sh74 billion.
KCB Group Chief Executive Officer Paul Russo attributed the improved results to stronger performance across the group’s various businesses, coupled with effective cost management.
Russo said the results demonstrated the resilience of KCB’s diversified business model, the strength of its regional operations and the continued confidence customers have in the bank.
He added that KCB would maintain its support for businesses and households while continuing to invest in digital banking services.
