Banking institution Co-op Bank reports a profit of Sh14.1b, driven by branch and digital expansion efforts
Co-operative Bank of Kenya Achieves Significant Growth in First Half of 2025
The Co-operative Bank of Kenya has reported a robust financial performance for the first half of 2025, marking an 8.4% increase in after-tax profit compared to the same period in 2024. The bank's total assets grew by 13.2% to KSh 811.9 billion, and its Return on Equity stood at 19.9%.
The bank's strategic initiatives have focused on digital expansion, community engagement, and financial performance growth. The bank's digital channels have become increasingly popular, with over 90% of all customer transactions occurring through digital and alternative channels.
One of the key strategic initiatives includes the bank's commitment to sports sponsorships and community involvement. Co-op Bank renewed a KSh 1 million sponsorship for the 2025 Inter-Counties Golf Series, aiming to build meaningful relationships and foster investment opportunities across Kenyan counties.
The bank also demonstrated its commitment to supporting Kenya’s socio-economic development by being a strategic sponsor of the 2025 Devolution Conference in Homa Bay.
The bank's subsidiaries have also contributed significantly to its overall profit. Co-op Bank's total customer base is over 9.4 million account-holders. Kingdom Bank Ltd generated Sh491.1 million in pre-tax profit, while Co-op Bancassurance Intermediary Ltd earned a pre-tax profit of Sh790.8 million. Co-op Trust Investment Services Ltd reported a pre-tax profit of Sh360.8 million, a 152.8% increase.
The bank's focus on Micro, Small, and Medium Enterprises (MSMEs) has also yielded positive results. The MSME loan portfolio now constitutes 17.3 per cent of the bank's total portfolio, benefiting 249,319 customers.
Customer deposits reached Sh547.7 billion, a 7.9% rise. The bank's profit growth was supported by a 10.8% growth in operating income and a 23.1% rise in net interest income. Net earnings increased by Sh1.1 billion to reach KSh 14.1 billion for the six months.
Gordon Muriuki, the bank's Group Managing Director and CEO, reiterated the bank's commitment to its strategic priorities, including its universal banking model, robust digital presence, extensive physical footprint, and unique integration with Africa’s largest co-operative movement.
These strategic initiatives have created a multi-dimensional impact on the bank's market presence and business ecosystem, positioning the Co-operative Bank of Kenya as a leading financial institution in Kenya.
Read also:
- Elon Musk Acquires 26,400 Megawatt Gas Turbines for Powering His AI Project, Overlooks Necessary Permits for Operation!
- U Power's strategic collaborator UNEX EV has inked a Letter of Intent with Didi Mobility to deploy UOTTA(TM) battery-swapping electric vehicles in Mexico.
- Global Gaming Company, LINEUP Games, Moves Into Extensive Global Web3 Multi-Platform Gaming Network
- Toyota strikes a deal in Shanghai for a solely owned Lexus electric vehicle production plant.
