Co-operative Bank of Kenya has recorded a 12.3% year-on-year growth in net profit to KES 21.6 billion for the nine months ended September 30, 2025. A key contributor to this performance was total interest income, which grew by 10% to KES 67.925 billion.
Co-operative Bank Group Asset Base Expands 9%
The bank’s total assets showed substantial expansion, reaching KES 815.3 billion as of September 30, 2025, a growth of 8.6%, underpinned by growth in the deposit base and loan book. Net loans and advances to customers rose to KES 406.5 billion, a 6.6% growth, while the deposit base expanded by 6.7% to KES 548.6 billion, bringing the loan-to-deposit ratio to 74.1%, unchanged from Q3 2024.
There was a 24.5% surge in shareholders’ funds to KES 164.2 billion driven by a KES 12.5 billion growth in retained earnings and a significant turnaround in other reserves from a negative position of KES 9.9 billion in Q3 2024 to KES 4 billion in Q3 2025. This growth underscores the bank’s robust profitability and strategic reinvestment of earnings, materially strengthening its capital position and enhancing its capacity to absorb shocks and sustain long-term stability.
In terms of quality of the loan book, gross non-performing loans and advances amounting to KES 78.930 billion as of September 30, 2025, up 12.7%, and equivalent to 19.4% of loans and advances (Q3 2024: 18.4%).
Profitability and Co-operative Bank’s Interim Dividend
Total operating income grew by 14% to KES 67.4 billion, and this growth was outpaced by that from total operating expenses, which was 15.4% to KES 37.7 billion in the period under review. Per share earnings grew by 11.9% to KES 3.68, translating to an earnings yield of 16.2% (share price used = KES 22.75), which in other words, for every shilling investors pay for Co-operative Bank’s stock (NSE:COOP), the bank is generating KES 0.161 in earnings.
A point of note for the shareholders is that the Board of Directors announced of its first ever interim dividend, which amounted to KES 1.00 for every ordinary share held, payable to shareholders registered by the close of business on November 26, 2025, and will be paid on or immediately after December 4, 2025.
Co-operative Bank of Kenya Limited (COOP) closed at KES 22.75 per share on the Nairobi Securities Exchange (NSE) on November 12, 2025. The stock has shown a strong year-to-date growth of 38.3% from its opening price of KES 16.45 at the start of 2025. In the last three months, Co-operative Bank of Kenya has emerged as one of the most actively traded stocks on the NSE, ranking eighth overall.
Co-operative Bank of Kenya has a growth strategy that is being implemented, which is; the “Soaring Eagle” Transformation and the 2025-2029 “Good to Great” Corporate Strategic Plan in which they aim to see the bank’s asset base grow past KES 1.0 trillion. With an asset base of KES 815.3 billion as at the end of Q3 2025, the bank is 20% shy of its target.
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