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Wednesday, June 17, 2020

Yatani received ksh 2.1 billion from KCB as Treasury 2019 dividend

    June 17, 2020   No comments


Treasury Cabinet Secretary, Hon Amb. Ukur Yatani Wednesday received a cheque worth ksh 2.1 billion from Kenya Commercial Bank (KCB)

The money paid by the bank was the value of the National Treasury 2019 dividend.

Speaking when handing over the cheque to Treasury Cabinet Secretary Ukur Yatani, KCB Group Chairman Andrew Wambari Kairu said:
 “KCB has over the years consistently maximized shareholder value and provided an unmatched return on investment to its shareholders and above all build a sustainable organisation that is now the biggest indigenous banking institutions in East Africa by assets, profitability and other key matrices”.

The Cabinet Secretary said the money paid will help Kenya's revenue inflow during this COVID-19 pandemic.

“This payout is timely, coming at a time when there are rising expenditure demands in the wake of the COVID-19 pandemic and revenue collections are subdued. We need to channel resources directly to MSMES to get them going through the crisis” said Treasury CS Ukur Yatani.


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Mwabaya Katana

About Mwabaya Katana

Mwabaya Katana is a Finance Online Researcher and Writer.He is the founder of 'Loans Kenya' Blog.

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