Co-operative Bank Group has posted a KSh 14.1 billion net profit for the first half of 2025, driven by higher interest income and reduced non-interest expenses.
The Group increased net loans and advances to customers from Ksh 375.6 billion to Ksh 391.3 billion. From this, the lender netted 44.8 billion shillings, representing a 12.6 per cent increase.
In addition, Co-op Bank booked 14.1 billion shillings in non-interest income mainly on account of higher income from fees and commissions that marginally increased from 6.32 billion shillings to 6.33 billion shillings.
On the other hand, total non-interest expenses reduced 3.3 per cent to 15.42 billion shillings due to lower interest expense on customer deposits that reduced from 13.57 billion shillings to 13.38 billion shillings. Overall, the increased total interest income and lower total interest expenses were responsible for driving up Co-op Bank’s Operating Income by 10.8 per cent to 43.5 billion shillings.
Total Assets increased 13.2 per cent to 811.9 billion shillings, driven by higher customer deposits that rose 7.95 per cent to 547.7 billion shillings.
Despite the increased profit, Co-op Bank has not proposed any interim dividend payout to shareholders, just like was the case last year.