Listed lender Co-operative Bank of Kenya (Co-op) has posted KSh 6.93 billion in net profit for the first quarter of 2025, a 5.3% increase compared to the same period last year.
- •The Group’s net interest income rose 21.7% to KSh 14.24 billion, driven by growth in income from loans and government securities.
- •Interest income rose 14.4% to KSh 22.21 billion, loans contributed KSh 13.96 billion, while government securities added KSh 7.03 billion.
- •Customer deposits increased by 9.0% to KSh 525.2 billion, and Co-Op’s total assets are now KSh 774.1 billion after growing 8.3%.
The lender’s total operating income grew 12.8% to KSh 21.18 billion. Non-interest income, which included KSh 2.77 billion in loan fees and KSh 3.06 billion from other commissions. dipped slightly by 1.9% to KSh 6.94 billion. Net loans and advances edged up by 1.7% to KSh 384.5 billion.
However, asset quality weakened as Gross non-performing loans (NPLs) rose 11.4% to KSh 74.1 billion. In response, the bank boosted loan loss provisions by 32.7% to KSh 2.11 billion.
| Metric | Q1 2025 | Q1 2024 | YoY Change |
|---|---|---|---|
| Net Profit | KSh 6.93B | KSh 6.58B | ▲ 5.3% |
| Net Interest Income | KSh 14.24B | KSh 11.70B | ▲ 21.7% |
| Non-Interest Income | KSh 6.94B | KSh 7.08B | ▼ 1.9% |
| Total Operating Income | KSh 21.18B | KSh 18.78B | ▲ 12.8% |
| Loan Loss Provision | KSh 2.11B | KSh 1.59B | ▲ 32.7% |
| Net Loans & Advances | KSh 384.5B | KSh 378.1B | ▲ 1.7% |
| Customer Deposits | KSh 525.2B | KSh 481.8B | ▲ 9.0% |
| Gross NPLs | KSh 74.1B | KSh 66.5B | ▲ 11.4% |
Subsidiary Snapshots
Kingdom Bank
Kingdom Bank posted a KSh 144 million net profit in Q1 2025, a 58% drop from KSh 342 million last year. The subsidiary’s deposits grew significantly to KSh 25.2 billion, and its operating income reaches KSh 707 million.
While the interest income rose to KSh 1.14 billion, interest expenses increased to KSh 617 million, shrinking the net interest income to KSh 524 million.
| Metric | Q1 2025 | Q1 2024 | YoY Change |
| Net Profit | KSh 144M | KSh 342M | ▼ 58% |
| Interest Income | KSh 1.14B | KSh 1.02B | ▲ 11.7% |
| Net Interest Income | KSh 524M | KSh 628M | ▼ 16.5% |
| Total Operating Income | KSh 707M | KSh 725M | ▼ 2.5% |
| Customer Deposits | KSh 25.2B | KSh 14.9B | ▲ 68.8% |
| Gross NPLs | KSh 3.42B | KSh 3.44B | ▼ 0.6% |
| Loan Loss Provisions | KSh 84M | KSh (22M) | — |
| Total Assets | KSh 44.9B | KSh 37.8B | ▲ 18.8% |
🔹 Co-operative Bank of Kenya
The group’s main subsidiary, Co-operative Bank of Kenya posted a KSh 6.21 billion net profit in Q1 2025, marking a 7.6% increase from KSh 5.77 billion last year.
Net interest income rose 23.7% to KSh 13.16 billion while non-interest income declined slightly to KSh 5.96 billion.
| Metric | Q1 2025 | Q1 2024 | YoY Change |
| Net Profit | KSh 6.21B | KSh 5.77B | ▲ 7.6% |
| Net Interest Income | KSh 13.16B | KSh 10.63B | ▲ 23.7% |
| Non-Interest Income | KSh 5.96B | KSh 6.39B | ▼ 6.7% |
| Total Operating Income | KSh 19.12B | KSh 17.03B | ▲ 12.3% |
| Customer Deposits | KSh 493.9B | KSh 461.5B | ▲ 7.0% |
| Gross NPLs | KSh 69.6B | KSh 62.2B | ▲ 11.9% |
| Loan Loss Provisions | KSh 2.02B | KSh 1.61B | ▲ 25.4% |
| Total Assets | KSh 712.5B | KSh 663.7B | ▲ 7.3% |
