Police DT Sacco hits Ksh 2.5 B profit in one year, unlocking unmatched growth
Police DT Sacco hits Ksh 2.5 B profit in one year, unlocking unmatched growth
The Kenya National Police DT Sacco has posted remarkable financial gains in its latest annual report, reflecting a year of strategic financial management, innovation, and member-focused growth. The Sacco’s financial performance for 2024 underscores its commitment to delivering value to members while maintaining robust financial stability.
According to the newly released financial results, interest revenue surged to Ksh 8.66 billion, up from Ksh 8.09 billion in 2023, showcasing the Sacco’s ability to generate higher returns for its members through prudent investments. Net profit after expenses rose to Ksh 2.51 billion, a modest but significant increase from Ksh 2.47 billion the previous year. This profitability underscores the Sacco’s effective operational strategies and financial discipline.
The Sacco continues to prioritize financial security and efficiency in its operations. The core capital-to-total assets ratio stands at 33 pc, indicating a strong capital base that ensures long-term stability. Liquidity management has also improved, with liquid assets to total deposits and short-term liabilities increasing to 30% from 27 percent in 2023, demonstrating the institution’s ability to meet its financial obligations promptly.
Efficiency remains a key driver of the Sacco’s success, with the total expense-to-total revenue ratio at 61 pc , highlighting lean operational structures that maximize returns for members. In a move that further reinforces its commitment to members’ financial well-being, the Sacco raised its dividend rate to 17 percent on share capital, up from 13 percent in the previous year. This increase directly benefits members by enhancing their investment returns.
Building on this solid financial performance, the Kenya National Police DT Sacco is setting its sights on an ambitious future. Plans are underway to enhance digital financial services, expand member education programs, and introduce new financial products that cater to the evolving needs of its members.
A key highlight in the Sacco’s calendar is the upcoming Annual Delegates Meeting (ADM) on Friday, February 21, 2025, at Serena Hotel, Nairobi. During this event, the Sacco will celebrate its achievements and unveil its new strategic plan for 2025–2029, which is expected to drive further innovation and sustained growth
Expressing his satisfaction with the Sacco’s performance, CEO Mr. Solomon Angutsa emphasized the institution’s dedication to financial empowerment and sustainability.
“This year’s results are a narrative of our collective journey towards financial empowerment and security. We are committed to a thriving and sustainable future for all our members,” he stated.
Established with a vision of fostering financial prosperity for its members, the Kenya National Police DT Sacco has solidified its position as a leading financial partner for the police community and beyond. With branches in key regions across the country, the Sacco continues to lead with integrity, innovation, and a member-first approach, ensuring that its members enjoy financial stability and growth for years to come.
