Co-op Bank Q1 net profit up 21.3pc to Sh8.41bn
The lender’s Profit Before Tax rose by 18.1 percent to Sh11.37 billion compared to Sh9.63 billion recorded during a similar period last year. Kenya breaking news | Kenya news today |..
✨ Key Highlights
Co-operative Bank of Kenya has announced a significant increase in its first-quarter net profit, rising by 21.3 percent to Sh8.41 billion for the period ending March 2026. This growth was fueled by increased interest income and a notable expansion in customer deposits and lending.
- The bank's net profit reached Sh8.41 billion, a 21.3 percent year-on-year increase.
- Key drivers included higher net interest income of Sh15.98 billion and a 14.3 percent growth in total assets to Sh884.6 billion.
- Co-operative Bank's Chief Executive Officer, Gideon Muriuki, highlighted the bank's focus on digital growth and customer-centered banking, with over 90 percent of transactions now digital.
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