Co-operative Bank of Kenya has reported a 19.6 per cent increase in profit before tax to Ksh 35.9 billion for the nine months ended 30 September 2026, up from Ksh 30.0 billion in the same period in 2025. Profit after tax rose 27.2 per cent to Ksh 27.4 billion. The board has approved an interim dividend of Ksh 1.50 per share, a 50 per cent increase from the Ksh 1.00 paid last year.
The results, released on 11 November 2026, show growth across income lines and the balance sheet. According to the bank’s financial statements and reports by Kenyans.co.ke and Business Today, the interim dividend will be paid to shareholders on the register at the close of business on 25 November 2026, with payment scheduled for 4 December 2026. The total payout is approximately Ksh 8.8 billion.
Key Financial Highlights (Nine Months to 30 September 2026)
| Metric | 9M 2026 | 9M 2025 | Change |
|---|---|---|---|
| Profit before tax | Ksh 35.9 billion | Ksh 30.0 billion | +19.6% |
| Profit after tax | Ksh 27.4 billion | Ksh 21.6 billion | +27.2% |
| Net interest income | Ksh 51.0 billion | Ksh 45.3 billion | +12.7% |
| Non-interest income | Ksh 24.1 billion | Ksh 22.1 billion | +9.2% |
| Total operating income | Ksh 75.2 billion | Ksh 67.4 billion | +11.6% |
| Loan loss provisions | Ksh 4.84 billion | Ksh 7.36 billion | -34.2% |
| Total assets | Ksh 907.4 billion | Ksh 815.3 billion | +11.3% |
| Customer deposits | Ksh 642.5 billion | Ksh 559.6 billion | +14.8% |
| Net loans and advances | Ksh 496.9 billion | Ksh 406.5 billion | +22.2% |
Performance Drivers
Net loans and advances grew 22.2 per cent to Ksh 496.9 billion, supported by increased lending, including digital credit. Customer deposits rose 14.8 per cent to Ksh 642.5 billion. Net interest income increased 12.7 per cent to Ksh 51.0 billion, while total operating income grew 11.6 per cent to Ksh 75.2 billion.
Asset quality improved. The gross non-performing loan ratio fell to 12.9 per cent from 17.1 per cent in September 2025. This allowed the bank to reduce loan loss provisions by 34.2 per cent to Ksh 4.84 billion. Operating expenses rose 5.3 per cent, slower than the growth in operating income. Return on average equity improved to 21.3 per cent from 19.4 per cent.
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Group Managing Director and CEO Dr Gideon Muriuki attributed the results to progress under the bank’s 2025-2029 Good to Great Strategy and the Soaring Eagle Transformation Agenda. Subsidiaries, including Kingdom Bank, also contributed positively to the group result.
Shareholder Returns and Outlook
The 50 per cent increase in the interim dividend reflects the higher profitability and improved balance-sheet metrics. Shareholders on the register by 25 November 2026 will receive Ksh 1.50 per share on 4 December 2026.
For investors, the combination of stronger earnings, better asset quality and a higher payout is positive. The bank continues to expand its loan book while managing credit costs. Full-year performance will depend on sustained deposit growth, further improvement in the NPL ratio and the contribution of digital channels to both income and efficiency.
Detailed financial statements are available on the Co-operative Bank of Kenya investor relations page.
Sources
- Kenyans.co.ke – Co-op Bank Profit Before Tax Hits Ksh35.9 Billion as Dividend Rises 50% in Q3 2026
- Business Today – Co-op Bank Q3 Profit Soars 19.6% to Ksh35.9 Billion
- Business Daily – Co-op interim dividend up 50pc as profit hits Sh27bn
- Mwango Capital – Co-operative Bank Group Q3 2026 Results summary
- Co-operative Bank of Kenya – Financial Statements