The first half of 2025 saw Co-operative Bank of Kenya achieve a pre-tax profit of Ksh 19.7 billion, marking an 8.3% increase from Ksh 18.2 billion in the same period last year.
After tax, the bank’s earnings stood at Ksh 14.1 billion, up from Ksh 13.0 billion in H1 2024.
The growth was largely fueled by expanding customer deposits, which rose 7.9% to Ksh 547.7 billion, and a 4.2% increase in net loans and advances to Ksh 391.1 billion.
Total assets climbed 13.2% to Ksh 811.9 billion, while shareholders’ funds surged 23.4% to Ksh 156.3 billion, supported by retained earnings of Ksh 18.4 billion.
Operating income increased 10.8% to Ksh 43.5 billion, driven by a 23.1% rise in net interest income.
The bank’s cost-to-income ratio improved to 44.9% from 59% in 2024, reflecting tighter cost control and operational efficiency.
Co-op Bank has also strengthened its digital platform, with over 90% of transactions now occurring through mobile, online, ATM, and agency channels. Its mobile wallet, N-Ca-op, has disbursed Ksh 36.4 billion in loans year-to-date, supporting 249,319 MSMEs, which now account for 17.3% of the bank’s portfolio.
The bank continues to expand its physical network, operating 212 branches nationwide, with 15 new branches added this year.
In the region, Kingdom Bank and Co-op Bank of South Sudan opened new branches in Machakos and Wau, bringing their total to 23 branches and five subsidiaries.
Staffing has also increased to 5,850, creating 450 new jobs since 2023.
Subsidiaries performed strongly, with Co-op Trust Investment Services Ltd reporting Ksh 350.8 million profit and assets under management of Ksh 461.7 billion.
Co-op Bancassurance Intermediary Ltd earned Ksh 790.1 million, while Kingdom Bank and Kingdom Securities posted profits of Ksh 491.1 million and Ksh 63.2 million, respectively.
Co-op Bank of South Sudan posted a restated profit of Ksh 56.9 million after adjusting for hyperinflation.
Dr. Gideon Muriuki, Group Managing Director and CEO, said the results reflect the bank’s focus on sustainable growth, digital innovation, and deep community engagement, anchored by its membership base of over 15 million.
“Our universal banking model, extensive branch network, and digital footprint have reinforced accessibility and strengthened financial inclusion across Kenya and the region,” Muriuki said.
