Consolidated Bank Group has put up a net profit of KSh 80.24 million in the first nine months of 2025, after a significant turnaround in its financial performance.
The return to profitability is a massive 160.8 percent change of the losses as the group had incurred a net loss of KSh 131.92 million during the same period in 2024.
The comeback was mostly due to a higher net interest income, although the bank was fighting a rise in non-performing loans.
The latest financial statement of the bank reveals that net loans and advances decreased by 2 percent from KSh 8.5 billion to KSh 8.3 billion. The fall in loans is said to be due to a 9.2 percent increase in gross non-performing loans that went up to KSh 3.78 billion.
Consolidated Bank was able to generate more revenue from the interest side of the business despite the pressure on the loan book. The lender did total interest income worth KSh 1.48 billion, which was a 10.6 percent increase. The growth was mostly led by a 54.2 percent jump in interest income from government securities that soared to KSh 583.03 million. The rise helped to cushion a fall in interest income from loans and advances that dropped from KSh 968.7 million to KSh 875.9 million.
The bank also had a positive performance in other revenue sources, with total non-interest income going up by 10 percent to KSh 483.86 million.
Meanwhile, the total interest cost was reduced by 9.1 percent to KSh 581.2 million, thus providing further support to the lender’s bottom line and enabling it to return to profitability.
Customer deposits grew by 4 percent to KSh 12.3 billion, reflecting the improved customer confidence during the period. The growth allowed the bank to extend its balance sheet substantially, as total assets increased by 22 percent to KSh 19.3 billion.
The management of the Bank sees the outcome as a clear indication of operational efficiency that has improved and successful repositioning even as they are still implementing measures to maintain the quality of assets and ensure steady growth.