Co-operative Bank of Kenya has posted a strong financial performance for the first quarter of 2025, signaling continued stability and growth in a challenging economic environment. The bank reported a pre-tax profit of Kshs 9.63 billion, a 6.8% increase compared to Kshs 9.01 billion recorded in Q1 2024. After-tax profit stood at Kshs 6.9 billion, marking a solid 5.3% year-on-year growth.
According to the bank’s official Q1 2025 financial results, total assets rose by 8.3% to reach Kshs 774.1 billion, while customer deposits grew by 9% to Kshs 525.2 billion, reinforcing customer confidence and a growing deposit base.
The bank’s operating income climbed 12.8% to Kshs 21.2 billion, largely driven by a 21.7% increase in net interest income. Despite a slight dip in non-interest income, Co-op Bank maintained a strong Cost-to-Income Ratio of 45.5%, underlining its operational efficiency.
A key highlight of the quarter was the continued dominance of digital banking channels, which processed over 90% of all customer transactions. The MCo-op Cash mobile platform alone disbursed Kshs 19.1 billion in loans, demonstrating the bank’s success in driving financial inclusion through technology.
Co-op Bank also expanded its branch network to 212 outlets across the country, ensuring accessibility and deeper market penetration. Its subsidiaries, including Kingdom Bank and Co-op Trust Investment Services, made notable contributions to the Group’s bottom line, reinforcing the strength of its diversified business model.
The results reflect Co-operative Bank’s commitment to delivering consistent value to customers, shareholders, and communities, even amid economic pressures.
“We remain focused on innovation, resilience, and service excellence as we navigate the year ahead,” the bank stated.
The strong Q1 results position Co-operative Bank as one of the top-performing lenders in Kenya’s banking sector so far in 2025.
