Co-operative Bank Posts KSh21.6 Billion Profit, Declares Interim Dividend

The Co-operative Bank of Kenya has reported a profit after tax of KSh21.6 billion for the third quarter of 2025, marking a 12.3 percent increase compared to the same period last year.

According to the financial statement released on Wednesday, the bank’s profit before tax rose to KSh30 billion, a 12.1 percent growth, reflecting strong performance across its retail and corporate banking segments.

The lender’s total assets expanded to KSh815.3 billion, representing an 8.6 percent rise, while loans and advances grew to KSh406.5 billion, up by 6.6 percent. Customer deposits also increased by 6.7 percent to KSh548.6 billion.

Following the positive performance, the Board of Directors has approved an interim dividend of KSh1.00 per share for all ordinary shareholders.

“The Directors have approved payment of an interim dividend of KSh1.00 for every ordinary share held,” the statement read.

Shareholders on the company’s register at the close of business on November 26, 2025, will be entitled to the dividend, which will be paid on or after December 4, 2025.

Meanwhile, the bank’s subsidiary, Kingdom Bank, announced a reduction in its base lending rate from 15.5 percent to 15 percent per annum, effective November 1, 2025.

The rate adjustment follows the Central Bank of Kenya’s decision to lower the Central Bank Rate (CBR) by 25 basis points to 9.25 percent, aimed at stimulating credit growth and supporting the economy.

Kingdom Bank noted that the new lending rate will apply to variable-rate facilities, with margins ranging between 0.5 percent and 5 percent, depending on customers’ credit profiles.

“This reduction underscores our commitment to empowering growth in key sectors,” the bank said in a statement, emphasizing its focus on supporting micro, small, and medium-sized enterprises (MSMEs).