Co-operative Bank of Kenya has reported a strong financial performance for the first nine months of 2026, with profit before tax rising to Sh35.9 billion from Sh30 billion recorded during a similar period in 2025.
The bank’s profit after tax also increased by 27.2% to Sh27.4 billion, compared to Sh21.6 billion a year earlier.
Its total assets grew by 11.3% to KSh907.4 billion, reflecting continued expansion in its banking operations.
The results cover the nine months ended September 30, 2026, rather than the third quarter alone.
The bank’s balance sheet expansion was supported by increased customer deposits and lending.
Customer deposits grew by 14.8% to KSh642.5 billion, while net loans and advances increased by 22.2% to Sh496.9 billion.
Net interest income, which represents the difference between interest earned on loans and investments and interest paid on deposits and borrowings, increased by 12.7% to Sh51 billion.
Operating income rose by 11.6% to KSh75.2 billion.
Meanwhile, operating expenses increased by a slower 5.3%, with the cost-to-income ratio before provisions standing at 46.4%.
The bank also reported improvements in asset quality.
Its non-performing loan (NPL) ratio declined to 12.9% from 17.1% in September 2025.
This was accompanied by improved loan-loss coverage of 82.2%, compared to 70.4% previously.
The cost of risk also fell to 1.4% from 2.5%.
