The lender’s profit after tax rose from Ksh.21.6 billion recorded in a similar period last year, while profit before tax increased by 19.6% to Ksh.35.9 billion from Ksh.30 billion.
Co-operative Bank of Kenya has recorded a 27.2% increase in net profit to Ksh.27.4 billion for the nine months ended September 2026, supported by growth in lending income, higher customer deposits and improved asset quality.
The lender’s profit after tax rose from Ksh.21.6 billion recorded in a similar period last year, while profit before tax increased by 19.6% to Ksh.35.9 billion from Ksh.30 billion.
Total assets expanded by 11.3% to Ksh.907.4 billion, reflecting continued growth in the bank’s balance sheet and lending activities.
The improved earnings were supported by a 22.2% increase in net loans and advances to Ksh.496.9 billion, while customer deposits grew by 14.8% to Ksh.642.5 billion.
Net interest income increased by 12.7% to Ksh.51 billion, while total operating income rose by 11.6% to Ksh.75.2 billion, supported by growth in interest income and resilient non-funded income.
Co-operative Bank Group Managing Director and CEO Gideon Muriuki said the performance reflected progress in implementing the lender’s 2025-2029 Good to Great Strategy and its Soaring Eagle Transformation Agenda.
The bank said it had maintained control over its operating costs, which increased by 5.3%, slower than the growth in operating income.
