Co-op Bank Q3 profits rise by 12% to Ksh.21.6 billion

The Co-operative Bank of Kenya has reported a Ksh.21.6 billion after-tax profit for the nine months to September 2025, representing a 12.3% increase from Ksh.19.2 billion in a similar period last year.

The lender’s profit before tax rose 12.1% to Ksh.30 billion, driven by strong income growth and cost efficiency under its “Soaring Eagle” Transformation Agenda. The bank’s Return on Equity stood at a solid 19.4%, signalling sustained shareholder value growth.

Co-op Bank declared an interim dividend of Ksh.1.00 per share for the nine-month period, underscoring management’s confidence in its financial performance and outlook.

During the period, operating income increased 13.9% to Ksh.67.4 billion, boosted by a 22.8% rise in net interest income, while customer deposits grew 6.7% to Ksh.548.6 billion.

Net loans and advances expanded 6.6% to Ksh.406.5 billion, and total assets rose 8.6% to Ksh.815.3 billion.

The Group’s shareholders’ funds surged 24.5% to Ksh.164.2 billion, supported by higher retained earnings of Ksh.12.5 billion. The cost-to-income ratio improved to 45.1%, from 59% in 2014, reflecting gains from operational efficiency initiatives.

Digital channels continue to anchor the bank’s growth, with over 90% of transactions now conducted through mobile, internet, USSD, and agency platforms.

The Co-op Bank App, revamped from MCo-opCash, and the rollout of a multi-currency prepaid card have enhanced customer convenience and digital adoption.

Subsidiaries also posted strong results. Co-op Trust Investment Services reported Ksh.624 million profit before tax with assets under management reaching Ksh.496.4 billion, while Kingdom Bank recorded Ksh.820.2 million PBT.

Co-op Bancassurance contributed Ksh.1.15 billion, and Co-op Bank of South Sudan earned Ksh.93.5 million after restatements for hyperinflation.

Co-op Bank was also named Most Sustainable Bank in Kenya at the 2024 Kenya Bankers’ Sustainable Finance Awards and won Product Innovation of the Year – Africa at the 2025 Global SME Finance Awards.

Group Managing Director and CEO Dr. Gideon Muriuki said the strong results affirm the bank’s resilience, digital transformation, and deep integration with Kenya’s co-operative movement, which now serves over 9.4 million account holders nationwide.