Co-operative Bank Profit Rises to Sh9.63 Billion in Q1 2025
The Co-operative Bank of Kenya posted a profit before tax of Sh 9.63 billion in the first quarter of 2025, a 2.9% increase from Sh 9.01 billion recorded in Q1 2024.
“The strong performance by the bank is in line with the Group’s strategic focus on sustainable growth, resilience, and agility,” Co-op Bank’s chief executive Gideon Muriuki said.
Growth in Deposits, Loans, and Assets
Customer deposits rose to Sh 525.17 billion, up from Sh 481.76 billion in Q1 2024. Total assets increased to Sh 774.07 billion, compared to Sh 714.67 billion a year earlier.
Loans and advances to customers grew slightly to Sh 384.55 billion from Sh 378.10 billion. The loan-to-deposit ratio declined to 73.22% from 78.48%.
Shareholder Funds and Income
Total shareholder funds stood at Sh 155.89 billion in Q1 2025, up from Sh 127.1 billion in Q1 2024. Interest income rose by 14.4% to Sh 22.21 billion from Sh 19.41 billion.
Read: Co-op Bank Reduces Base Lending Rate by 2%
Interest expenses increased to Sh 7.97 billion, up from Sh 7.71 billion. This resulted in a net interest income of Sh 14.24 billion, up from Sh 11.70 billion.
Non-interest income was Sh 6.94 billion, a decrease from Sh 7.08 billion in the same period last year.
Operating Income and Expenses
Total operating income reached Sh 21.18 billion in Q1 2025, compared to Sh 18.78 billion in Q1 2024. Operating expenses rose to Sh 9.64 billion from Sh 8.27 billion, while loan loss provisions rose to Sh 2.11 billion, up from Sh 1.59 billion.
Profit After Tax and Efficiency Ratios
Profit after tax rose by 5.2% to Sh 6.93 billion, compared to Sh 6.58 billion in Q1 2024. The cost-to-income ratio improved to 45.49% in Q1 2025, down from 44.05% in 2024.
The share price rose to Sh 16.00 from Sh 15.00, and book value per share increased to Sh 26.57 from Sh 21.66. The price-to-book ratio was 0.60% from the 0.69% recorded during the same period last year.
Jefferson Wachira is a writer at Africa Digest News, specializing in banking and finance trends, and their impact on African economies.
