Co-operative Bank has reported a 12.3 per cent growth in profit after tax to Sh21.6 billion compared to Sh19.2 billion it reported a year earlier. The strong performance was driven by 13.9 per cent growth in operating income to Sh67.4 billion largely due to a 22.8 per cent rise in net interest income.
Net interest income grew 22.8 per cent to Sh45.3 billion after the bank grew its total interest income by 10 per cent to Sh67.9 billion and cut its interest expenses by 9 cent to Sh22.6 billion.
Non interest income declined slightly by 0.8% to Sh22.1 billion largely due to a drop in foreign exchange trading income(-21.6 per cent) which was offset by growth in fees and commissions income which grew by 9.2 per cent.
The bank’s loan book grew 6.6 per cent to Sh406.5 billion with customer deposits growing 6.7 per cent to Sh548.6 billion. Co-operative Bank’s total assets grew 8.6 per cent to Sh815.3 billion.
Co-operative bank says credit to the private sector continues to recover from the contraction observed at the beginning of the year, recording a growth of 5 per cent as of September 2025 but still below the average of 12 per cent in 2022-2023. It expects credit growth and NPLs to improve over the coming quarters.
The bank told investors:
“Over the coming quarters, we expect credit growth and NPLs to continue improving supported by falling interest rates, and government interventions especially in the road sector.”
Co-operative bank, which has a branch network of 217 outlets, says that 90 per cent of transactions now happen through digital and alternative channels.
The bank, which recently revamped its mobile banking platform MCo-opCash and renamed it to Co-op Bank App, disbursed Sh54.2 billion in e-credit mobile loans, of which Sh8.2 billion was disbursed to Micro, Small and Medium Enterprises. It has now disbursed Sh483.2 billion through Mco-opCash since inception
The Group's subsidiaries also registered strong growth over the nine-month period, with only Kingdom Bank registering a pre-tax profit decline.
Co-op Trust Investment Services, which is the Group’s fund management business managing Sh496.4 billion in assets, reported a 145 per cent growth in pre-tax profit to Sh624 million.
Co-op Bancassurance Intermediary Limited, which conducts the Group’s bancassurance business, reported Sh1.15 billion in pre-tax profit, a 39.7 per cent growth compared to the Sh824 million reported during the same period last year.
Kingdom Bank, which is upgrading its core banking system to Finacle, registered a profit before tax of Sh820.2 million while Kingdom Securities, the Group’s stockbroking arm, reported a pre-tax profit of Sh89.9 million, a 99 per cent growth compared to Sh45.1 million reported during the same period last year.
Co-op Bank of South Sudan, which is the Group’s banking operations in South Sudan, posted a restated profit of Sh93.5 million after accounting for hyperinflation. The bank expressed optimism on South Sudan’s improving economic conditions despite a few challenges.
The bank told investors:
“South Sudan stands at a significant inflection point, caught between renewed optimism from recovering oil flows and cash liquidity stress across the economy.”
“This turnaround is expected to re-anchor fiscal revenues, stimulate government spending, and help stabilize the exchange rate while Inflation is expected to moderate marginally to 97.5% in 2025 from 99.8% in 2024.”*
“However, this recovery is being undermined by a cash liquidity crisis that is impacting overall economic activities in the economy given that South Sudan is a cash heavy economy.”
Co-operative Bank’s board of directors declared an interim dividend of Sh1.00 per share to be paid on or about 4th December 2025 on shareholders on the company’s register as of 2th November 2025. This is the first interim dividend the bank is paying since it was listed on the Nairobi Securities Exchange in 2008.
