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HomeDaily NewsMonday, March 30, 2026Consolidated Bank Returns to Profit with Sh217.5mn - March 2026
Business & Economy3 stories from 1 sources

Consolidated Bank Returns to Profit with Sh217.5mn - March 2026

Consolidated Bank, fully owned by the Kenyan Government, has reported a significant turnaround, returning to profitability with a 261 percent growth in profit after tax to Sh217.5 million for the year ending December 31, 2025. This marks a substantial improvement from a loss of Sh135 million in 2024. Meanwhile, Family Bank has announced a significant increase in its profit after tax, reporting a 55.4 percent jump to Sh5.38 billion for the full year ending December 2025. In another development, Equity Group Holdings is planning to enter the Mozambique market, according to CEO and Managing Director James Mwangi.

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Monday 3:00 PMCapital Business

Consolidated Bank returns to profit with Sh217mn

Consolidated Bank returns to profit with Sh217mn

Consolidated Bank, fully owned by the Kenyan Government, has reported a significant turnaround, returning to profitability with a 261 percent growth in profit after tax to Sh217.5 million for the year ending December 31, 2025. This marks a substantial improvement from a loss of Sh135 million in 2024.

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Key Highlights

Consolidated Bank, fully owned by the Kenyan Government, has reported a significant turnaround, returning to profitability with a 261 percent growth in profit after tax to Sh217.5 million for the year ending December 31, 2025. This marks a substantial improvement from a loss of Sh135 million in 2024.

  • Consolidated Bank posted a profit of Sh217.5 million, a 261% increase.
  • The bank's performance was driven by a 38% rise in net interest income and an 11% increase in non-funded income.
  • Key drivers for the bank's strategy include a focus on Small and Medium Enterprises (SMEs) and strengthening public sector financing.
Monday 9:59 AMCapital BusinessFirst

Equity Group plans Mozambique’s entry, James Mwangi

Equity Group plans Mozambique’s entry, James Mwangi

Equity Group Holdings is planning to enter the Mozambique market, according to CEO and Managing Director James Mwangi.

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Key Highlights

Equity Group Holdings is planning to enter the Mozambique market, according to CEO and Managing Director James Mwangi.

  • Equity Group has secured an appointment with Mozambique's President Daniel Chapo for the week of April 27, 2026.
  • The expansion into Mozambique would make it the sixth subsidiary for Equity Group outside Kenya.
  • This move follows a significant 55 percent increase in Equity Group's profit after tax to Sh75.5 billion in 2025, driven by regional operations.
Monday 11:40 AMCapital Business

Family Bank profit after tax up 55.4pc to Sh5.38bn

Family Bank profit after tax up 55.4pc to Sh5.38bn

Family Bank has announced a significant increase in its profit after tax, reporting a 55.4 percent jump to Sh5.38 billion for the full year ending December 2025.

Read Story

Key Highlights

Family Bank has announced a significant increase in its profit after tax, reporting a 55.4 percent jump to Sh5.38 billion for the full year ending December 2025.

  • The bank's profit after tax reached Sh5.38 billion, up from Sh3.5 billion in the previous year.
  • The strong performance was attributed to increased revenues from both interest and non-interest income streams at Family Bank.
  • Family Bank CEO Nancy Njau highlighted the role of investments in digital capabilities, employee development, and partnerships with Development Finance Institutions in achieving this growth.
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