Co-op Bank has reported another strong financial performance, posting KSh 30.0 billion in Profit Before Tax (PBT) for the nine months ending September 30, 2025.
This marks a 12.1 percent increase from the KSh 26.8 billion recorded over a similar period in 2024, reinforcing the lender’s steady rise in a challenging operating environment.
The Group’s net profit also grew by 12.3 percent, rising to KSh 21.6 billion compared to KSh 19.2 billion last year. This consistent growth lifted the bank’s Return on Equity (RoE) to 19.4 percent, underscoring its strong financial position and commitment to shareholder value.
To reflect its confidence in the Group’s future prospects, the Board of Directors declared an interim dividend of KSh 1.00 per share for the period.
Strategic Agenda Drives Performance
Group Managing Director and CEO Dr Gideon Muriuki linked the bank’s positive results to its long-term transformation strategy.
A closer look at the financial numbers shows that total operating income rose by 13.9 percent to KSh 67.4 billion, powered largely by a stronger lending business.
Net Interest Income recorded a sharp 22.8 percent increase, highlighting improved performance in the loan book and interest-earning assets.
The lender also recorded gains in operational efficiency, with the Cost-to-Income Ratio (CIR) improving to 45.1 percent, a significant shift from 59 percent in 2014 when the bank started its structured efficiency programme. Operating expenses increased by 15.4 percent, in line with business expansion.
Strong Balance Sheet and Digital Transformation
Co-op Bank’s asset base expanded by 8.6 percent to reach KSh 815.3 billion. Customer deposits grew by 6.7 percent to KSh 548.6 billion, while net loans and advances rose by 6.6 percent, closing at KSh 406.5 billion. Shareholders’ funds increased sharply to KSh 164.2 billion, a 24.5 percent jump supported by retained earnings amounting to KSh 12.5 billion.
Technology continues to play a central role in the Group’s growth strategy. The bank recently rolled out a new Trade and Treasury System, designed to improve trade processing, risk management, and treasury operations.
At the same time, the bank’s mobile platform MCo-opCash has undergone a major transformation and now operates as the Co-op Bank App, which supports full digital onboarding and expanded customer services.
The launch of a new multi-currency prepaid card has also strengthened the bank’s offering in international payments, cementing Co-op Bank’s status as Kenya’s largest Visa card issuer.
Service Delivery and MSME Growth
More than 90 percent of all transactions now take place on digital and alternative channels. This shift is supported by a wide service network that includes 616 ATMs and CDMs, over 16,000 Co-op kwa Jirani agents, and an omni-channel system spanning mobile, web, and USSD platforms.
The bank’s E-Credit mobile loans have continued to support thousands of small businesses. By September 2025, Co-op Bank had disbursed KSh 54.2 billion in mobile loans, with KSh 8.2 billion channelled directly to MSMEs.
The MSME portfolio now forms 16.7 percent of the bank’s total loan book, serving 254,707 customers, with 70,010 benefitting from training and capacity building.
Co-op Bank also maintains an extensive presence across the country through 619 FOSA outlets, which play a crucial role in delivering financial services to rural communities and the co-operative movement.
Nationwide Expansion and Subsidiary Growth
The Group’s branch network now stands at 217 branches, following the opening of 15 new branches and executive centres since mid-2024. New locations include Laare, Kibwezi, Rumuruti, Eldama Ravine, Ruiru Nord Mall, Naromoru, Dagoretti Market, and Maai Mahiu, among others.
Its premium banking expansion has also gained pace with new Executive Banking Centres such as The Westlands Square Executive Centre in Nairobi and the Nyali Executive Plus Centre in Mombasa.
Subsidiaries have mirrored this growth, with Kingdom Bank Ltd and Co-op Bank South Sudan opening branches in Kariobangi, Bungoma, and Gudele. The Group has increased its staff count to 5,826 employees, adding 426 new positions since 2023.
Kingdom Bank’s ongoing migration to the Finacle Core Banking System—already active in Co-op Bank Kenya and South Sudan—promises a more agile and innovative technology backbone for the Group.
Dr Muriuki noted that the bank remains committed to supporting key sectors of the economy while sustaining long-term value for shareholders.
Co-op Bank’s third-quarter numbers affirm its standing as one of Kenya’s most profitable and well-managed financial institutions, with a clear path of steady growth and innovation.
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