So far five banks have made dividend payout amounting to Sh13.1 billion. However, the financial regulator has been nervy about letting banks ride roughshod over shareholders when it comes to dividend payment. “It is true that the Central Bank has engaged all banks, and all banks have been doing stringent stress testing on capitals. Mwangi is, however, optimistic that the group will bounce back this year and payout dividend next year. “The directors did not recommend a dividend payout because Covid-19 is still here with us and we are expecting a big third wave.

Source: Standard Digital March 30, 2021 08:03 UTC