Co-operative Bank Half-Year Profit Climbs to KSh 14.1 Billion

Co-operative Bank Group has kicked off 2025 on a strong note, posting a KSh 14.1 billion net profit for the first six months. The growth is largely thanks to higher interest earnings and tighter control of expenses.

During the period, the bank expanded its loan book, with net loans and advances rising from KSh 375.6 billion to KSh 391.3 billion. This brought in KSh 44.8 billion in interest income a healthy 12.6% jump compared to the same period last year.

Non-interest income also held firm at KSh 14.1 billion, supported by a slight increase in fees and commissions, which inched up from KSh 6.32 billion to KSh 6.33 billion.

Operating costs eased, with non-interest expenses dropping by 3.3% to KSh 15.42 billion. A key factor was the reduced cost of customer deposits, which fell from KSh 13.57 billion to KSh 13.38 billion.

With more income coming in and less money going out, Co-op Bank’s operating income rose 10.8% to reach KSh 43.5 billion.

The lender’s total assets grew by 13.2% to KSh 811.9 billion, helped by a nearly 8% rise in customer deposits to KSh 547.7 billion.

Even with the solid half-year results, the bank has maintained its decision as it did last year not to pay an interim dividend.