Co-operative Bank reported Ksh35.9 billion in pre-tax profit for the nine months ended September 2026.
Co-operative Bank reports higher nine-month earnings and approves a Ksh1.50 interim dividend, payable on December 4, 2026.
Co-op Bank profit before tax rose 19.6 per cent to Ksh35.9 billion for the nine months ended September 30, 2026. The board also approved an interim dividend of Ksh1.50 per share, a 50 per cent increase.
The bank’s financial statements show that pre-tax earnings increased by Ksh5.9 billion from Ksh30.0 billion a year earlier. Meanwhile, profit after tax climbed 27.2 per cent to Ksh27.4 billion, compared with Ksh21.6 billion in 2025.
Shareholders on the company register at the close of business on November 25, 2026, will qualify for the dividend. The bank will make the payment on December 4, up from last year’s Ksh1.00 per share.
Co-op Bank profit grows alongside lending and deposits
Group Managing Director and CEO Dr Gideon Muriuki linked the results to the bank’s ongoing strategic programmes. These include its 2025–2029 Good to Great Strategy and the Soaring Eagle transformation agenda.
Total assets grew 11.3 per cent to Ksh907.4 billion, from Ksh815.3 billion a year earlier. Customer deposits also increased by 14.8 per cent to Ksh642.5 billion during the reporting period.
Meanwhile, net loans and advances expanded 22.2 per cent to Ksh496.9 billion, while government securities reached Ksh271.1 billion.
The group’s non-performing loan ratio improved to 12.9 per cent from 17.1 per cent in the comparable 2025 period. Its IFRS coverage measure also strengthened to 82.2 per cent.
Digital lending and subsidiaries contribute to results
Alternative delivery channels handled about 94 per cent of customer transactions during the nine months. Muriuki said 16,215 Co-op Kwa Jirani agents and 600 ATMs nationwide supported this network.
E-credit disbursements reached Ksh66.6 billion in Q3 2026. Cumulative disbursements through the service also exceeded Ksh568.5 billion across 16.2 million customer accounts.
To reach more young customers, the bank accelerated its Ignite offering during the period. It disbursed Ksh47.5 billion to more than 585,000 young entrepreneurs and customers.
Among subsidiaries, Kingdom Bank recorded Ksh1.33 billion in profit before tax, a 61.8 per cent increase. Co-op Bancassurance Intermediary, meanwhile, earned Ksh1.39 billion before tax.
Co-optrust Investment Services grew funds under management to Ksh508.8 billion and recorded pre-tax profit of Ksh966.8 million. Co-op Bank of South Sudan also posted Ksh528 million in pre-tax earnings, while Kingdom Securities earned Ksh104.5 million.
