The year 2014 was a good year for KCB Bank as it posted an 18% rise in its pre-tax profit. This was an improvement from KES 20.12 Billion in 2013 to KES 23.79 Billion in 2014.

Following the good performance in the year 2014, the board recommended a dividend payout of KES 2.00 which is similar to the payout in year 2013. The total dividends paid out will amount to KES 6.01 Billion and will be paid out at close of business on 19^th June 2015.

Kenya Commercial Bank Limited (KCBL) shareholders approved the formation of KCB Group Limited, a non-operating holding company that will own the Bank and all its other interests including regional subsidiaries. KCBL will remain as a non-operating holding company approved to operate as such by the Central Bank of Kenya, and subsequently renamed KCB Group Limited.

KCB successfully closed the 2011-2014 business strategy and have moved into their 2015-2020 Group Business Strategy to guide them for the next five years. Among the highlights in the new strategy is partnerships, collaborations, technology innovation and usage, simplicity, financial inclusivity, digital payments, e-banking and tapping into small and medium businesses. These will also form part of the new strategy, purpose and brand identity that KCB have adopted as “simplifying your world, enabling your progress.”

The group’s chairman, Mr. Ngeny Biwott stated that he foresaw exciting times in the Bank’s future. He said that the Bank’s new Group Governance Policy, Group Holding Company and improved Group Strategy, energetic and engaged management were four catalysts for developments that would provide assurance of growth and sustainability of the Bank.

For the full article at https://ke.kcbbankgroup.com/about/media/news/detail/kcb-shareholders-approve-new-group-holding-company-dividend-payout/