Nairobi, May 14 -- Bonus payouts for eight chief executive officers (CEOs) of Kenya's listed banks soared 26.5 percent to reach Sh817 million on the back of record profits that also delivered higher dividends to shareholders.

The bosses of Co-operative Bank of Kenya, KCB Group, Equity Group, NCBA Group, Stanbic Holdings, I&M, Absa Bank Kenya and Standard Chartered Kenya increased their payouts from Sh645.91 million in 2024, regulatory filings show.

The bumper payouts cement the banking sector's credentials for high rewards to its CEOs and top executives.

Co-op Bank managing director Gideon Muriuki topped the list with a bonus of Sh307.7 million, marking a growth from Sh302.3 million and the largest payout in the history of firms listed...