Ollin Sacco has announced a total payout to members of Ksh 397.8 million for the 2020 financial year, an increase of 16 per cent on return to members from Ksh 342 million in 2019.
The news was good music to its members who were paid dividends on shares at a rate of 15 per cent and interest on deposits at 11.85 per cent, despite Covid-19 pandemic damage to the country’s economy.
At the same time, Ollin Sacco posted positive growth across the bond pointing to strong management and leadership structures established within the leading financial institution.
The Total Assets grew by 14 per cent to hit over Ksh 6 billion in 2020 from Ksh 5.28 billion in 2019. Bosa deposits increased to surpass Ksh 3 billion from Ksh 2.7 billion, a growth of 15 per cent.
