KCB Group Raises Interim Dividend by 50% to Sh3 per Share

KCB Group has announced a 50 percent increase in its interim dividend to Sh3 per share for the six months ending June 2026. This follows a significant improvement in the bank's earnings. The lender plans to distribute a total of Sh9.64 billion in dividends, up from Sh2 per share paid during the same period last year. KCB Group's gross profit rose by 20.8 percent to Sh49.3 billion, driven by growth in both funded and non-funded income.

Total income increased by 9.5 percent to Sh108.1 billion for the period, with non-funded income growing by 15.4 percent to Sh34.1 billion and funded income up by seven percent to Sh74 billion. KCB Group's Chief Executive Officer, Paul Russo, credited the strong performance to the company's diversified business model, regional presence, and ongoing cost management efforts.

Russo stated that the bank remains committed to supporting businesses and households while investing in digital banking services to enhance customer experience and expand access to financial services. The company's continued presence in East Africa, with operations in Kenya and other regional markets, has played a crucial role in its growth strategy.

Russo emphasized that KCB would continue to prioritize customer support and invest in digital services to meet evolving customer needs throughout the second half of 2026.