Co-operative Bank Profit Rises 17% to KES 29.8 Billion

Co-operative Bank of Kenya has posted a group profit after tax of KES 29.8 billion for the year ended 31 December 2025, up from KES 25.5 billion in the prior year, with earnings per share rising to KES 5.04 from KES 4.33. The growth was driven by a sharp decline in deposit costs, with interest expenses on customer deposits falling to KES 25 billion from KES 29.3 billion as interest rates eased, pushing net interest income up 22% to KES 62.9 billion from KES 51.5 billion.

Total interest income grew 8% to KES 93.1 billion from KES 86.2 billion, supported by growth in income from loans and advances to KES 60.1 billion from KES 55.9 billion and government securities income rising to KES 29.1 billion from KES 26.9 billion. Non-interest income held broadly flat at KES 29 billion from KES 29.1 billion, with foreign exchange trading income declining to KES 3.7 billion from KES 4.9 billion, partially offset by growth in other fees and commissions.

Total operating expenses rose 11% to KES 52 billion from KES 46.7 billion, with staff costs climbing to KES 20.8 billion from KES 18.3 billion and loan loss provisions increasing to KES 9.5 billion from KES 8.7 billion. Total assets grew to KES 827.4 billion from KES 743.2 billion, with customer deposits expanding to KES 574.2 billion from KES 506.1 billion and net loans and advances rising to KES 421 billion from KES 373.7 billion.

The Board has recommended a total dividend of KES 2.50 per share, up 67% from KES 1.50 in 2024, comprising an interim dividend of KES 1.00 already paid in December 2025 and a proposed final dividend of KES 1.50 subject to shareholder approval.