KCB Group Plc

KCB Group Plc is a holding company incorporated in Kenya under the Kenyan Companies Act, 2015 and as of 31 December 2020 had subsidiaries in Kenya, South Sudan, Tanzania, Uganda, Rwanda and Burundi.

The group operates commercial banks in Kenya, Tanzania, Uganda, Rwanda and Burundi, making it one of East Africa’s leading financial institution. It also operates in Southern Sudan and Ethiopia. Its largest subsidiary is the KCB bank Kenya which is licensed under the Kenya Banking Act (1989) to carry out banking business in Kenya.

KCB Group Plc has a 100% ownership in

  • KCB Bank Kenya Limited,
  • Kenya Commercial Finance Company Limited,
  • Savings & Loan Kenya Limited,
  • Kenya Commercial Bank Nominees Limited,
  • Kencom House Limited,
  • KCB Bank Tanzania Limited,
  • KCB Bank South Sudan Limited,
  • KCB Bank Rwanda Limited*,
  • KCB Bank Uganda Limited,
  • KCB Bank Burundi Limited,
  • KCB Insurance Agency Limited,
  • KCB Capital Limited,
  • National Bank of Kenya,

The group also has:

  • 20% ownership in Kenya Mortgage Refinance Company(KMRC) and,
  • a 45% ownership in United Finance Limited.

*KCB Group Rwanda subsidiary now trades under the name BPR Bank Rwanda Plc. This after KCB Group merging KCB Bank Rwanda and Banque Populaire du Rwanda (BPR) in May 2022 after purchasing 62 percent stake from London-based Atlas Mara Limited and another 14 percent from private equity firm Arise in late 2021. As of May 2022, company disclosures reveal that KCB Group stake in the merged unit at 87.5 percent.

The KCB Group has approximately 8,700 employees and a network of at least 495 branches across 7 counties in East and Central Africa. In addition to a strong branch network KCB also has an extensive agent banking network. With more than 16,000 agents across Kenya they are able to offer cash deposits, funds transfer and other services such as school fees payments, rent payments, bill payments, balance inquiries and mini statement requests.

The shares of KCB Group are listed on the Nairobi Securities Exchange, Uganda Securities Exchange (USE), Dar-es-Salaam Stock Exchange (DSE) and Rwanda Stock Exchange (RSE).

KCB Share Information
Number of issued shares3,213,462,815
Total number of authorized shares4,500,000,000
Number of shareholders as at 31 December 2021193,274
Primary listing exchangeNairobi Securities Exchange
TickerKCB
Listing year1988
Cross listed exchangesDar-es-Salaam Stock Exchange
Uganda Securities Exchange
Rwanda Stock Exchange
Free float72%
Closing share price on 31 December 2021KShs. 45.45
Price appreciation in 202119.3%
Market capitalization as at 31 December 2021KShs. 146.1 billion
Price/book0.8x
Earnings per shareKShs. 10.61
Dividend per shareKShs. 3.00
Dividend policyUp to 50% of distributable profits
Total shareholder’s equityKShs. 171.7 billion
2022 Investor calendar
DateEvent
16 March 2022FY 2021 Financial Results Announcement
25 May 2022Q1 2022 Financial Results Announcement
3 June 2022Annual General Meeting
17 August 2022H1 2022 Financial Results Announcement
16 November 2022Q3 2022 Financial Results Announcement
PBT (KShs. B)DPS (KShs.)
201936.93.50
202025.71.00
202147.83.00

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Article Sources

Some of this information was extracted from KCB Group Plc Integrated Report and Financial Statement 2020.