Consolidated Bank Group has reported a major financial rebound, posting a profit before tax of Ksh 94.7 million for the nine months ending 30 September 2025.
This marks a sharp turnaround from the loss of Ksh 122.4 million recorded during the same period last year, signalling a break from years of persistent losses.
The bank’s leadership attributes this recovery to consistent execution of its five-year strategic plan titled “Turnaround and Growth,” which focuses on strengthening the balance sheet, broadening income streams, and improving customer experience.
According to Acting Head of Finance and Administration Fred Ronoh, the bank is making steady progress despite an economic environment that remains challenging for the financial sector.
Total assets rose by 22 per cent to Ksh 19.3 billion, up from Ksh 15.8 billion a year earlier, indicating that the institution is stabilising and expanding its financial base.
Customer deposits increased to Ksh 12.3 billion, a growth of 4 per cent, even as net advances edged down by 2 per cent to Ksh 8.3 billion.
The bank maintained a strong liquidity position, closing the period with a liquidity ratio of 31 per cent, comfortably above the statutory minimum requirement of 20 per cent.
A key driver of the improved results was the growth in net interest income, which increased by 27 per cent from KSh 711 million to Ksh 903 million. This was primarily supported by higher earnings from government securities, which rose sharply to Ksh 583 million from Ksh 278 million, alongside a 9 per cent reduction in interest expenses to Ksh 581 million.
Non-interest income also contributed positively, rising by 10 per cent to Ksh 484 million. These gains pushed the bank’s total operating income to Ksh 1.4 billion, reflecting a 21 per cent improvement from Ksh 1.1 billion last year.
Operating expenses were kept largely in check, rising slightly by 2 per cent from Ksh 1.27 billion to Ksh 1.29 billion, demonstrating continued cost management discipline. However, impairment charges on non-performing loans increased to Ksh 267 million from Ksh 211 million.
This rise followed a 9 per cent increase in gross non-performing loans, though the bank says it is intensifying recovery efforts and tightening risk controls to mitigate future risks.
The bank notes that the positive performance reflects a broader transformation that has been taking shape over the past year. Earlier in 2025, Consolidated Bank had already returned to profitability in its half-year results, posting a net profit of Ksh 21.6 million for the period ending 30 June 2025, a significant turnaround from a loss of Ksh 76.8 million in the same period the previous year.
Leadership at the bank, including Chief Executive Officer Sam Muturi, has consistently highlighted the role of digital innovation, SME-focused products, and customer-driven services in driving this recovery.
Looking ahead, the bank says it is well-positioned for sustained growth supported by a stronger balance sheet and ongoing investments in technology and service delivery.
Shareholders remain committed to ensuring the bank remains adequately capitalised and in full compliance with regulatory standards as it enters what appears to be a new chapter of stability and long-term profitability.
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