Co-op Bank Half-Year Net Profit Grows 8.4% to Ksh 14 Billion

Co-operative Bank of Kenya has posted a strong performance for the first six months of year 2025, with a profit before tax of Ksh 19.7 billion, up 8.3% from Ksh 18.2 billion in first half of 2024. After-tax profit rose 8.4% to stand at Ksh 14.1 billion from Ksh 13.0 billion in the same period last year.

The strong performance by Co-op Bank is in line with its strategic focus on sustainable growth, resilience, and agility, riding on the ‘Soaring Eagle’ Transformation Agenda. Group Managing Director and CEO Gideon Muriuki said Co-operative Bank remains steadfast in advancing its strategic priorities, firmly grounded in resilience and growth across diverse economic sectors.

The group’s Return on Equity reached a competitive 19.9%, while total assets increased by 13.2% to Ksh 811.9 billion. Customer Deposits surged 7.9% to KSh 547.7 billion, as Net Loans and Advances increased by 4.2% to KSh 391.3 billion.

Shareholder funds grew 23.4% to KSh 156.3 billion, boosted by retained earnings of KSh 18.4 billion, operating income increased 10.8% to KSh 43.5 billion, driven by a 23.1% rise in net interest income.

Meanwhile, Operating Expenses rose 13.0%, with the Cost-to-Income Ratio standing at 44.9%, a significant improvement from 59% back in 2014 when the Bank begun the Growth and Efficiency journey.

Performance of Subsidiaries

• Co-op Trust Investment Services Ltd delivered KSh 360.8 million PBT, up 152.8%, with Funds Under Management at KSh 461.7 billion, now one of the largest Fund Managers in the industry.
• Co-op Bancassurance Intermediary Ltd earned KSh 790.8 million PBT.
• Co-op Bank of South Sudan Ltd posted a restated profit of KSh 56.9 million after accounting for hyperinflation.
• Kingdom Bank Ltd generated KSh 491.1 million PBT.
• Kingdom Securities Ltd earned KSh 63.2 million PBT.

Dr Muriuki said Co-operative Bank success story is powered by a universal banking model that balances comprehensive service offerings with operational agility, backed by a robust digital presence that ensures seamless accessibility, supported by an industry-leading omni-channel platform.

An extensive physical footprint comprising a countrywide branch network, ATMs and agency outlets, fortifying our reach across all regions of the country has been a major growth booster as well as a deep and growing customer base currently standing at over 9.4 million account-holders.

> Central Bank Flags Personal Loans as Most Risk