Co-op Bank Posts KSh 6.93Bn Q1 Profit as Interest Income, Deposits Surge

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%