Co-operative Bank of Kenya has reported a record half-year profit before tax of Ksh23.1 billion for the six months ended June 30, 2026.

🇰🇪 Breaking It Down

According to financial revelations made on Wednesday, August 12, Co-op Bank earnings rose 17.3 per cent from Ksh19.7 billion last year.

The bank said the result was its “best ever half-year performance”, as it continued to implement its 2025-2029 strategy.

Profit after tax increased by 28 per cent to Ksh18 billion from Ksh14.1 billion in the first half of 2025.

📌 What You Need to Know

The lender attributed the performance to growth in interest income and non-funded income, with operating income rising 12.5 per cent to Ksh48.9 billion.

Net interest income, the difference between interest earned and interest paid, increased 13 per cent to Ksh33.2 billion during the period.

The bank's total assets grew 7.1 per cent to Ksh869.5 billion, compared with Ksh811.9 billion in the same period last year.

Customer deposits increased 11.2 per cent to Ksh623.2 billion, while net loans and advances rose 18.1 per cent to Ksh462.2 billion.

The stronger lending performance came as Co-op Bank's non-performing loan ratio fell to 13.9 per cent from 17.2 per cent a year earlier.

The bank said its IFRS loan-loss coverage also improved to 80.7 per cent from 69.9 per cent, while the cost of risk declined to 1.8 per cent from 2.4 per cent.

📰 Source: Kenyans.co.ke