Co-operative Bank of Kenya has reported a 5.3 per cent rise in profit after tax for the first quarter of 2025, reaching Sh6.9 billion, up from Sh6.6 billion in the same period last year.
The tier-one lender attributes the growth to a solid increase in operating income and an aggressive expansion strategy across Kenya and South Sudan.
Total operating income rose by 12.8 per cent to Sh21.2 billion, supported by a 21.7 per cent increase in net interest income to Sh14.2 billion. The lender’s total assets grew to Sh774.1 billion, an 8.3 per cent jump, while customer deposits climbed 9.0 per cent to Sh525.2 billion.
“The strong performance by the bank is in line with the Group’s strategic focus on sustainable growth, resilience, and agility,” said Co-operative Bank Group Chief Executive Gideon Muriuki.
Co-op Bank is bolstering its physical presence, having opened 15 new branches so far in 2025, bringing the total to 212, including five in South Sudan.
Recent openings include branches in Kibwezi, Maai Mahiu, Eastleigh BBS Mall, Ruiru Nord Mall, Dagoretti Market, and Wau in South Sudan, among others.
Its subsidiary, Kingdom Bank, has also expanded, launching its 23rd branch in Machakos County.
Meanwhile, over 90 per cent of customer transactions are now processed through digital channels, including mobile and internet banking and a robust network of more than 15,594 agents.
