18.9 C
Nairobi
Friday, November 22, 2024
18.9 C
Nairobi
Friday, November 22, 2024

Kenya National Police DT SACCO pays dividends at 17%

Kenya National Police DT SACCO continues to maintain an upward growth trajectory in membership, deposits, assets, institutional capital, and loan portfolio. The Society’s total assets grew to Ksh44.1 billion up from Ksh39.1 billion in 2020, an increase of 12.7% while members’ deposits grew by 10.3% to Ksh23.5 billion in 2021 from Ksh21.3 billion in 2020.

The SACCO disbursed loans and advances worth Ksh37.3 billion, a 14.4% growth from Ksh32.6 billion in 2020. The revenue rose by 16.7% to stand at Ksh7 billion up from Ksh6 billion in 2020.

The Sacco paid Dividends on Shares at 17% and interest on deposits at 10.8%. The Sacco made a gross total payout of Ksh2.9 billion in 2021 up from Ksh2.6 billion in 2020.

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