Co-operative Bank of Kenya has announced its first-ever interim dividend on record of KSh 1.00 per share, following a 12.3% increase in 2025's nine-month profit to KSh 21.56 billion after tax.
- •The dividend declaration accompanies another strong performance for the lender, continuing a decade-long growth trend that has seen profits surge by 150% since 2015, when the bank recorded just KSh 8.62 billion in earnings.
- •Net interest income jumped 22.8% to KSh 45.28 billion, forming the bulk of the KSh 67.38 billion total operating income.
- •Gross non-performing loans rose 12.7% to KSh 78.93 billion, prompting the bank to increase its loan loss provisions by 31.9% to KSh 7.36 billion compared to the same period last year.
Non-interest income experienced a slight contraction, declining 0.8% to KSh 22.11 billion. Operational costs grew 15.4% to KSh 37.72 billion, while earnings per share improved to KSh 3.68 from KSh 3.29 during the same period last year.
The bank's expansion continued across key balance sheet metrics. Net loans increased 6.6% to KSh 406.52 billion, while customer deposits grew 6.7% to KSh 548.58 billion.
Total assets expanded 8.6% year-on-year to KSh 815.27 billion, contributing to a longer-term growth trend that has seen the bank's asset base increase by 145% over the past decade from KSh 332.89 billion in September 2015.
| Metric | Q3 2025 | Q3 2024 | YoY |
|---|---|---|---|
| Net Interest Income | 45.28 Bn | 36.87 Bn | ▲22.8% |
| Non-Interest Income | 22.11 Bn | 22.28 Bn | ▼0.8% |
| Total Operating Income | 67.38 Bn | 59.16 Bn | ▲13.9% |
| Loan Loss Provision | 7.36 Bn | 5.58 Bn | ▲31.9% |
| Operating Expenses | 37.72 Bn | 32.68 Bn | ▲15.4% |
| Profit Before Tax | 30.03 Bn | 26.78 Bn | ▲12.1% |
| Profit After Tax | 21.56 Bn | 19.21 Bn | ▲12.3% |
| EPS | 3.68 | 3.29 | ▲11.9% |
| DPS | 1.00 | 0.00 | n/a |
| Total Assets | 815.27 Bn | 750.78 Bn | ▲8.6% |
| Customer Deposits | 548.58 Bn | 513.98 Bn | ▲6.7% |
| Net Loans & Advances | 406.52 Bn | 381.34 Bn | ▲6.6% |
| Shareholders’ Equity | 164.16 Bn | 131.83 Bn | ▲24.5% |
| Gross NPLs | 78.93 Bn | 70.01 Bn | ▲12.7% |
Despite the positive growth indicators, the results revealed emerging challenges in asset quality.
The bank's capital position strengthened significantly, with shareholders' equity growing 24.5% to KSh 164.16 billion during the period.
Co-operative Bank of Kenya Q3 Financials Last 10yrs:
◉ Profits: +150% to 21.6B
◉ Operating Income: +153% to 67B
◉ Assets: +145% to 815B
◉ Equity: +231% to 164.2B
◉ Loan Book(Net): 91% to 406.5B
◉ Customer Deposits: +116% to 548.6B
◉ Gross NPLs: +803% to 78.9B
