The Co-operative Bank Group has reported an 8.4% rise in after-tax profit for the first half of 2025, reaching KSh 14.08 billion, up from KSh 13 billion in the same period last year.
Profit before tax rose 8.3% to KSh 19.66 billion, supported by robust growth in net interest income, digital adoption, and expanded customer outreach.
“These results reflect the strength of our universal banking model, robust digital presence, extensive physical network, and deep roots in Africa’s largest co-operative movement with 15 million members,” said Group Managing Director and CEO Dr. Gideon Muriuki.
Key Financial Highlights (January–June 2025)
| Metric | H1 2025 | YoY Change |
|---|---|---|
| Profit Before Tax | KSh 19.66Bn | +8.3% |
| Profit After Tax | KSh 14.08Bn | +8.4% |
| Net Interest Income | KSh 29.38Bn | +23.1% |
| Non-Interest Income | — | −8.2% |
| Operating Income | KSh 43.5Bn | +10.8% |
| Operating Expenses | — | +13.0% |
| Cost-to-Income Ratio | 44.9% | ↓ from 59% (2014) |
| Total Assets | KSh 811.91Bn | +13.2% |
| Customer Deposits | KSh 547.72Bn | +7.9% |
| Net Loans & Advances | KSh 391.3Bn | +4.2% |
| Shareholders’ Funds | KSh 156.3Bn | +23.4% |
| Retained Earnings | KSh 18.4Bn | — |
| Return on Equity | 19.9% | — |
Digital Transformation
Over 90% of transactions are now conducted via digital and alternative channels, including mobile, web, USSD, ATMs, and Co-op kwa Jirani agents. The M-Coop Cash mobile wallet disbursed KSh 36.4 billion in loans year-to-date, with KSh 5.7 billion directed to MSMEs.
- MSME portfolio accounts for 17.3% of the loan book
- 249,319 MSME customers served
- 68,800 MSMEs received business training
Branch Expansion & Subsidiary Performance
The bank expanded its physical footprint by opening 15 new branches, bringing the total to 212. Staff numbers increased by 450 to reach 5,850 employees.
Subsidiaries delivered strong results:
- Co-op Trust Investment Services: KSh 360.8Mn PBT (+152.8%), Funds Under Management: KSh 461.7Bn
- Co-op Bancassurance: KSh 790.8Mn
- Kingdom Bank: KSh 491.1Mn
- Kingdom Securities: KSh 63.2Mn
- Co-op Bank South Sudan: KSh 56.9Mn (restated for hyperinflation)
Strategic Outlook
The Group reaffirmed its commitment to sustainable growth and operational agility under its ‘Soaring Eagle’ Transformation Agenda.
The continued investment in digital infrastructure, branch network, and MSME support underscores its long-term strategy to deepen financial inclusion across Kenya and the region.
