Co-operative Bank of Kenya (Co-op Bank) has reported a strong Profit Before Tax of KSh35.9 billion for the nine months ended 30th September 2026, up from KSh30.0 billion recorded in the same period in 2025, representing a 19.6% growth. Profit After Tax grew by 27.2% to KSh27.4 billion from KSh21.6 billion recorded in Q3 2025. Total Assets grew by 11.3% to KSh907.4 billion from KSh815.3 billion in Q3 2025.
This strong performance underscores the significant gains made under the 2025-2029 Good to Great Strategy and the “Soaring Eagle” Transformation Agenda.
Co-op management said the banking group continued to strengthen asset quality through proactive credit management, customer engagement and portfolio monitoring. The Group NPL ratio improved to 9% from 17.1% in Q3 2025, IFRS coverage improved to 82.2% from 70.4%, and cost of risk improved to 1.4% from 2.5%.
Among other growth drivers, Co-op Bank Group accelerated its youth banking agenda in Q3 2026 by launching the youth proposition dubbed as “Ignite” brand. Ignite is anchored on a clear mission to transform the financial lives of young people and empower them to grow, as we position ourselves to serve over 10 million youth customers in the medium term. The Youth Financial Services Division was created to reinforce our long-term commitment to building a market-leading, digitally-driven youth franchise.
