Traditional dividend payers such as KCB, Equity, Co-operative Bank of Kenya and NCBA are all promising to distribute part of the profits to shareholders. Banks needed just seven months this year to earn the profits they made the whole of last year, new data shows. And now they are promising shareholders bumper dividends as the […]
The number of corporates dishing out dividends to shareholders for the year ending December has risen, pointing to improved profits and a bright economic outlook. The Nairobi Securities Exchange (NSE) on Friday joined a growing list of firms that paid or declared interim dividends for investors. The NSE board announced a surprise special dividend of […]
The Central Bank of Kenya (CBK) has loosened restrictions on dividend payments by commercial lenders as the country recovers from the Covid-19 economic fallout. Multiple bank executives reckon that the banking regulator has dropped its tough stance on dividends, freeing lenders to resume payouts to shareholders. The CBK last August asked commercial banks to seek […]
Bank investors are set for a significant increase in dividend income in the next five months as the listed lenders make cash distributions for the year ending December amid improved profitability and brighter economic prospects. KCB Group #ticker:KCB, Standard Chartered Bank Kenya #ticker:SCBK and Stanbic Holdings #ticker:SBIC have paid or declared interim dividends totalling Sh5.7 […]
Standard Chartered Bank Kenya ( NSE:SCBK ) reported a 46.6 percent net profit growth in the nine months ended September on the back of lower costs and higher non-interest income. Its net earnings in the review period stood at Sh6.3 billion, up from Sh4.3 billion a year earlier. StanChart declared a surprise interim dividend of […]
KCB Group #ticker:KCB has declared an interim dividend of Sh1 per share after its net profit more than doubled to Sh25.1 billion in the nine months ended September. The lender becomes the second to declare a surprise interim dividend for the third quarter after Standard Chartered Bank Kenya #ticker:SCBK which has proposed a payout of […]
Standard Chartered Bank Kenya #ticker:SCBK has reported a 46.7 percent jump in net profit for the nine months to September, helped by an increase in foreign exchange earnings and reduced operating expenses. The Nairobi Securities Exchange-listed bank recorded Sh6.35 billion in profit after tax from Sh4.33 billion posted in a similar period last year. The […]
East African banks remained resilient with higher Return on Equity (ROE) for the 12 months to September 30 signalling a relatively healthy performance for the regional lenders with shareholders deriving value from their investments amid the Covid-19 pandemic. FILE PHOTO | COURTESY Latest quarterly market report by analysts at AfricanFinancials Group shows that Kenyan banks […]
From left: NCBA Group MD John Gachora, KCB Group CEO Joshua Oigara and Kenya Bankers Association CEO Habil Olaka during the launch of a mobile loan product in 2019. FILE PHOTO | NMG It is estimated that over $37.1 billion worth of securities held by big banks are tied in the real estate amid reports […]
Over 400 participants participated in the Standard Chartered Virtual Marathon held at Masinde Muliro University of Science and Technology (MMUST) in Kakamega. The Marathon brought together Lecturers, students and People Living with Disabilities. Speaking after the race, MMUST Vice Chancellor (VC), Prof. Solomon Shibairo, said the partnership with Standard Chartered Bank is crucial in spearheading […]
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