Consolidated Bank returns to profitability with Ksh.21.6 million half-year profit

Consolidated Bank has bounced back to profit-making territory following years of losses. The bank reported a Ksh.21.6 million net profit for the half-year ending June 30, 2025, compared to a loss of Ksh.76.8 million during the same period last year.

The half-year results underscore the lender’s ongoing recovery strategy centred on revenue diversification and balance sheet expansion.

The bank posted a total comprehensive income of Ksh.12 million, reversing an Ksh.84.9 million loss recorded in the first half of 2024.

Consolidated Bank Chief Executive Officer, Sam Muturi attributed this turnaround to improved operational efficiency, prudent cost control, and focused execution of its strategic plan, which saw the bank’s total operating expenses fall by 4 percent to stand at Ksh.812 million.

“The Bank’s growth outlook is positive and is gearing up for accelerated growth through improved digital service delivery channels as well as innovative products to serve our customers especially in the SME and MSME sectors.

“We will continue building on the strategic initiatives undertaken over the last three years to transform the position of the Bank, and we are pleased to note that they have already started bearing fruits,” he said.

Net interest income rose by 21 percent to Ksh.551 million, driven by improved asset pricing and a diversified loan book. However, non-funded income declined from Ksh.315 million to Ksh.282 million.