Co-op Bank beats expectations with 8.4% H1 net profit rise to KSh 14.1B (~$109M), led by digital adoption, MSME loans, and expanding assets footprint.
Co-operative Bank of Kenya has reported an 8.4% rise in net profit for the first half of 2025, reaching Sh14.1 billion (~$108.5 million), which was a big improvement compared to 2024. Growth was fueled by strong interest income and increased transaction fees, reinforcing the lender’s position as one of Kenya’s most profitable banks.
Robust Growth in Interest and Fee Income
Net interest income surged 17.7% to Sh25.1 billion (~$193 million), driven by higher lending volumes and improved returns from government securities. Non-funded income also rose 5.8% to Sh15.3 billion (~$118 million), supported by strong foreign exchange trading and transaction fee growth.
Expansion in Deposits, Loans, and Assets
Customer deposits increased 10.8% to Sh480.6 billion (~$3.7 billion), while the loan book expanded 7.4% to Sh378.1 billion (~$2.9 billion). The bank’s total assets stood at Sh705.1 billion (~$5.4 billion), an 8.5% rise compared to the same period last year.
CEO Credits Resilient Business Model
Group CEO Gideon Muriuki said the results underscore the bank’s ability to thrive despite a challenging macroeconomic environment.
“We have continued to focus on sustainable growth, prudent risk management, and delivering value to our shareholders and customers,” he said.
New Swift Asset Access+ Program
Co-op Bank has launched Swift Asset Access+, enabling customers to own vehicles, industrial equipment, and agricultural machinery with reduced upfront costs. The program offers guaranteed resale options and risk-sharing mechanisms, benefiting both businesses and individuals.
Tech-Driven GETSOURCE AI Rollout
The bank also introduced GETSOURCE AI, a platform for real-time tracking, vessel monitoring, and audit trails in procurement and receivables financing — aimed at boosting transparency and efficiency.
Innovation and Inclusion at the Core
Mr. Muriuki said both initiatives align with the bank’s long-term focus on innovation, customer empowerment, and financial inclusion.