Thursday, March 28, 2024

Millionaire Ndindi Nyoro: Why you can count on KCB

KCB Group is a company I respect. Actually love. Their business model is good. They treat their shareholders well by paying them at least 35% of their Earning per Share.

But the strength of this institution and Geographical presence was undoubtedly making it the obvious and natural choice to take over Chase Bank. CBK has done well by making the objective decision to hand over the management of Chase to KCB and eventually letting the latter acquire a majority stake in the former.

With an Asset base of over Ksh 550 billion and net profits of nearly Ksh 20 Billion, KCB is the most sound Financial institution in the East African region and definitely the real “Pride of Kenya”. It has a core capital of Ksh 73 Billion agains

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