Co-operative Bank of Kenya has posted a net profit of Ksh26.8 billion for the third quarter of 2024, an 8.5% increase compared to the same period in 2023.
The strong performance was attributed to a significant rise in customer loans and deposits, boosting both interest and non-interest income streams. According to the bank’s unaudited financial results for the period ending September 30, 2024, total operating income grew to Ksh59.2 billion, up from Ksh53.4 billion in 2023.
Interest income from loans surged by 24.5% to Ksh39.4 billion, while fee income from services such as loan processing and foreign exchange also recorded notable growth. Customer deposits rose 19.5% to Ksh513.9 billion, reflecting increased customer confidence and growth in banking activities.

The bank’s total assets reached Ksh750.8 billion, bolstered by investments in government securities. Shareholders’ equity stood at Ksh131.8 billion, with a return on equity (ROE) of 20.3%, underscoring the institution’s profitability and value to its investors.
Co-operative Bank also maintained a robust liquidity position, enhancing its ability to pursue growth opportunities and withstand market fluctuations.
The performance highlights the bank’s strong position in Kenya’s financial sector and its ability to leverage its diverse revenue streams for sustained growth.