KCB CEO Joshua Oigara’s compensation jumps 9.6% to Ksh299 million
|KCB Group CEO Joshua Oigara|
KCB Group (KCB) paid its CEO Joshua Oigara a total compensation of Ksh299.1 million in 2019, an increase of 9.6% from Ksh272.9 million in 2018, the Daily Nation reports.
The compensation consists of basic salary and bonus tied to the achievement of business performance targets. Oigara took home a basic salary of Ksh72 million last year. Additionally, the compensation includes perks such as club membership.
KCB paid its chief financial officer Lawrence Kimathi a total compensation of Ksh92.3 million in 2019, made up of a basic salary and bonus.
The bank group made a profit of Ksh25.2 billion in 2019, an increased 5.0% from the previous year. The company plans to pay a dividend of Ksh3.50 per share out of the profit it made last year.
KCB shares fell 8.7% last week to close Friday at Ksh35.65.