Co-op Bank raises interim dividend 50% as profit hits KSh 27.4 billion
Co-operative Bank of Kenya's profit before tax rose 19.6% to KSh 35.9 billion in the nine months to September 30. The board approved an interim dividend of KSh 1.50 per share, up from KSh 1.00 last year.
Co-operative Bank of Kenya grew its profit after tax by 27.2% to KSh 27.4 billion in the first nine months of 2026, Kenyans.co.ke reported, citing financial statements released on Wednesday. Profit before tax rose by KSh 5.9 billion to KSh 35.9 billion, from KSh 30.0 billion a year earlier. Business Daily and Business Today Kenya also reported the results. The balance sheet expanded too. Total assets rose 11.3% to KSh 907.4 billion from KSh 815.3 billion. Customer deposits grew 14.8% to KSh 642.5 billion. Net loans and advances rose 22.2% to KSh 496.9 billion. Holdings of government securities reached KSh 271.1 billion. Bad loans fell. The group's non-performing loan ratio dropped to 12.9% from 17.1% in the third quarter of 2025. IFRS coverage rose to 82.2%. About 94% of customer transactions went through alternative channels rather than branches. Kenyans.co.ke said 16,215 Co-op Kwa Jirani agents and 600 ATMs support this network. Digital lending kept growing. E-credit disbursements…
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