The Cooperative Bank of Kenya has reported an 8.3 percent profit growth for the half year ended June 30, 2025.
According to the financial results announced on Thursday, the bank reported profit Before Tax of Sh19.7 billion, up from Sh18.2 billion in the same period last year.
Profit after tax stood at Sh14.1 billion, representing an 8.4 percent growth from Sh13.0 billion last year.
The growth was supported by remarkable performance in key areas including a 19.9 percent return on Equity.
Customer deposits surged 7.9 percent to Sh547.7 billion, while Net Loans and Advances increased by 4.2 percent to Sh391.3 billion. The lender’s total assets hit Sh811.9 billion, representing a 13.2 percent growth.
Shareholders’ Funds grew 23.4 percent to Sh156.3 billion, boosted by retained earnings of Sh18.4 billion.
Absa Bank Kenya records 9pc profit growth to Sh11.7 billion in H1 2025
Co-op Bank experienced an operating Income growth of 10.8 percent to Sh 43.5 billion, driven by a 23.1 percent rise in net interest income.
Operating Expenses rose 13.0 percent, with the Cost-to-income Ratio standing at 44.9%, a significant improvement from 59 percent back in 2014 when the Bank began the Growth and Efficiency journey.
The lender experienced a significant growth in its digital transactions, with over 90 percent of transactions happening through digital and alternative channels, including ATM money transfers, USSD, Co-op Kwa Jirani agents, and mobile money.
In terms of subsidiaries, Co-op Trust Investment Services Ltd delivered Sh360.8 million profit before tax, with Funds Under Management at Sh461.7 billion, now one of the largest Fund Managers in the industry.
On the other hand, Co-op Bancassurance Intermediary Ltd contributed Sh790.8 million profit before tax during the review period.
Co-op Bank of South Sudan Ltd posted a restated profit of Sh56.9 million after accounting for hyperinflation, while Kingdom Bank Ltd and Kingdom Securities Ltd contributed a profit before tax of Sh491.1 million and Sh63.2 million, respectively.
“Co-operative Bank Group remains steadfast in advancing its strategic priorities, firmly grounded in resilience and growth across diverse economic sectors,” Co-op Bank CEO Dr. Gideon Muriuki stated.
