Police Sacco Harvests Ksh 2.51 Billion In Profits

The Kenya National Police DT Sacco has released its financial results for the previous year, showcasing a journey of financial triumph and member-focused success. Sacco reported an increase in its financial metrics, reflecting its strategic vision and operational efficiency.

Interest revenue has seen a significant rise to Ksh 8.66 billion from Ksh 8.09 billion in 2023, showcasing Sacco’s adeptness at maximizing returns for its members through smart investment opportunities. Profitability peaked with the net profit after all expenses reaching Ksh 2.51 billion, a leap from the previous year’s Ksh 2.47 billion reflecting a year of strategic financial management.

Innovation and efficiency have been at the core of Sacco’s operations in 2024. The capital adequacy ratio, with core capital to total assets at 33%, indicates a fortress of financial stability. Liquidity management has shown prudence with the ratio of liquid assets to total deposits and short-term liabilities reaching 30%, up from 27% in 2023, ensuring Sacco’s readiness to meet its obligations.

The operational excellence is reflected in the efficiency ratios, where the total expense to total revenue stands at 61%, indicating a lean operation that maximizes value for members. The focus on member welfare is evident in the 17% dividend rate on members’ share capital, an increase from 13% in 2023, which directly benefits the members’ investments in the Sacco.

Looking ahead, Sacco is poised for further growth, with ambitious plans to enhance digital services, expand member education programs, and introduce new financial products tailored to the needs of its members. A key highlight will be the Annual Delegates Meeting (ADM) on Friday, 21 February 2025, at Serena Hotel, Nairobi, where the Sacco will celebrate these achievements and launch its new strategic plan for 2025–2029, setting the stage for future innovations and sustained growth.

Mr. Solomon Angutsa, the CEO of the Sacco expressed his joy by saying, “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.”

Established with the vision of financial prosperity for its members, Sacco continues to lead with integrity, innovation, and a member-first approach. With branches across key regions, the Sacco remains a pivotal financial partner for the police community and beyond.

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