Co-operative Bank of Kenya has reported a 19.6 per cent growth in profit before tax to Ksh35.9 billion for the nine months ended September 30, 2026.
According to the bank, that is a Ksh5.9 billion increase from Ksh30.0 billion recorded during the same period last year.
In financial statements shared with Kenyans.co.ke on Wednesday, November 11, Co-op Bank’s profit after tax grew by 27.2 per cent to Ksh27.4 billion, up from Ksh21.6 billion in Q3 2025.
Over the same period, the bank’s total assets rose by 11.3 per cent to Ksh907.4 billion, up from Ksh815.3 billion previously.
Group Managing Director and CEO Dr Gideon Muriuki said that the financial milestone points to the significant gains realised under the "2025-2029 Good to Great Strategy and the 'Soaring Eagle' Transformation Agenda."
According to the financial disclosure, total customer deposits grew by 14.8 per cent to Ksh642.5 billion.
At the same time, net loans and advances increased by 22.2 per cent to Ksh496.9 billion, while government securities rose to Ksh271.1 billion.
The Group's Non-Performing Loan (NPL) ratio improved to 12.9 per cent from 17.1 per cent in Q3 2025, while IFRS coverage strengthened to 82.2 per cent.
Co-op Bank continues its digital transformation through the nine months, with approximately 94 per cent of all customer transactions processed through alternative delivery channels.
