Browsing: Kariuki Ngara

  • Chief executive officers (CEOs) of listed banks in Kenya took home Sh 1.4 billion in 2021
  • Co-operative Bank CEO Gideon Muriuki was the highest earner during the period under review
  • Former Kenya Commercial Bank (KCB) CEO Joshua Oigara was placed second behind Muriuki with compensation of Sh368.5 million
In the financial year ended December 31, 2021, the banking sector in Kenya registered a growth of pre-tax profit of 78.5 per cent.
The Central Bank of Kenya’s Bank Supervision Annual Report 2021 revealed the sector’s assets grew from KSh 5.4 trillion in December 2020 to KSh 6.0 trillion in December 2021, representing an 11.4 per cent increase.
The report revealed that customer deposits grew from Sh 127.2 billion in 2020 to Sh 136.3 billion as of December 2021.
According to The Standard, chief executive officers (CEOs) of listed banks in Kenya took home Sh 1.4 billion in 2021.
The top earners: