Co-op Bank posts KSh 40.3B pre-tax profit, 15.8% growth - March 2026

Co-operative Bank of Kenya has announced a significant financial performance, reporting a KSh 40.3 billion pre-tax profit, representing a substantial 15.8% growth in profitability. The Cooperative Bank has also announced a notable increase in its proposed dividend payout to shareholders, recommending a dividend of Sh2.50 per share compared to the previous year's payout. Separately, SACCOs in Kenya are urging Parliament to expedite the 2025 Amendment Bill, highlighting its importance for their sector. The World Bank has additionally banned PwC Kenya from participating in World Bank-funded projects for 21 months due to fraudulent activities stemming from an investigation into a past audit engagement.