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Co-operative Bank

COOP · Nairobi Securities Exchange · Incorporated in Kenya · Consolidated statements

On this page
Company details
Legal name
The Co-operative Bank of Kenya Limited
Incorporated in
Kenya
Listing
COOP on the Nairobi Securities Exchange, active · ISIN KE1000001568 (observed 2026-10-07)
Sector
Banking (our classification from the stated principal activity)
Activity
Banking, bancassurance intermediation, consultancy, fund management, stock brokerage and investment advisory in Kenya and South Sudan.
Financial year ends
31 December

Overview

Year ended 31 December 2025 · annual report, signed / final · source

  • Net interest income

    KES 62.9 billion

    62,850,762 KES thousands · p151

    +22.0% vs 2024

    Interest income less interest expense, as printed.

  • OPERATING INCOME

    KES 91.6 billion

    91,621,825 KES thousands · p151

    +13.4% vs 2024

    The bank's own total of its income lines before credit impairment and operating expenses, under its printed label. What it includes differs between banks; it is not revenue.

  • Profit / (loss) for the year

    KES 29.8 billion

    29,754,529 KES thousands · p151

    +16.9% vs 2024

  • Total assets

    KES 827 billion

    827,352,328 KES thousands · p150

    +11.3% vs 2024

  • Customer deposits

    KES 574 billion

    574,170,104 KES thousands · p150

    +13.4% vs 2024

  • Total equity

    KES 166 billion

    165,709,392 KES thousands · p150

    +14.1% vs 2024

Large amounts are rounded for reading (KES million / billion / trillion); exact figures as printed are under each amount and in the tables. No currency conversion.

Financial statements

Exact figures as printed. Each column comes from one filing; labels are as printed in the newest filing. Amounts in KES thousands unless the row says otherwise; brackets are negative.

† from a supplementary filing for the same year · ‡ signed audited statements preferred over a disputed figure · “–” is a printed dash, explained below the table

Column sources

  • FY2025 — annual report, signed / final; reported for the year · source
  • FY2024 — annual report, signed / final; comparative in the FY2025 filing · source
  • FY2023 — annual report, signed / final; comparative in the FY2024 filing · source

Income statement

Income statement, KES thousands. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025; FY2023 — annual report (signed / final), comparative reported in the annual report for 2024.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filingFY2023Annual reportcomparative in FY2024 filing
Interest and similar income calculated using the effective interest method 93,137,204 86,249,958 69,066,068
Interest and similar expense calculated using the effective interest method (30,286,442) (34,729,225) (23,844,906)
NET INTEREST INCOME 62,850,762 51,520,733 45,221,162
Fees and commission income 23,372,554 23,100,441 22,379,996
Fees and commission expense (263,195) (267,415) (143,141)
NET FEES AND COMMISSION INCOME 23,109,359 22,833,026 22,236,855
Net trading income 3,658,139 4,974,885 3,181,189
Amortisation of government grants1 18,476 18,476 18,476
Other operating income 1,985,089 1,428,474 1,025,228
TOTAL OTHER INCOME2 5,661,704 6,421,835 4,224,893
OPERATING INCOME 91,621,825 80,775,594 71,682,910
Credit loss expense on loans and advances (9,462,775) (8,784,125) (6,008,158)
Credit loss write back / (expense) on other financial assets34 77,640 644,304 575,475
Amortisation of intangible assets (907,360) (960,578) (978,123)
Amortisation of leasehold land5 (609) (610) (610)
Depreciation of property and equipment (1,750,246) (1,398,248) (1,315,595)
Depreciation of right-of-use assets6 (1,478,630) (1,434,434) (1,461,825)
Employee costs (20,815,002) (18,322,558) (16,690,249)
Other operating expenses (17,389,589) (16,561,398) (13,785,702)
OPERATING EXPENSES (51,726,571) (46,817,647) (39,664,787)
OPERATING PROFIT 39,895,254 33,957,947 32,018,123
Share of profit of associates 392,181 822,372 345,725
PROFIT BEFORE TAX 40,287,435 34,780,319 32,363,848
Income tax expense (10,532,906) (9,323,974) (9,175,483)
PROFIT FOR THE YEAR 29,754,529 25,456,345 23,188,365
Non-controlling interest7 191,223 23,418 164,549
OTHER COMPREHENSIVE INCOME, NET OF TAX 5,881,764 16,792,049 (8,361,591)
TOTAL COMPREHENSIVE INCOME FOR THE YEAR, NET OF INCOME TAX 35,636,293 42,248,394 14,826,774
Notes and alternative reported figures (7)
  1. “Amortisation of government grants” is an issuer-specific line, not mapped to a shared definition: Note 28; part of total other income.
  2. “TOTAL OTHER INCOME” is an issuer-specific line, not mapped to a shared definition: Net trading income, amortisation of government grants and other operating income.
  3. “Credit loss write back / (expense) on other financial assets” is an issuer-specific line, not mapped to a shared definition: Note 41; part of operating expenses.
  4. Printed under different labels across filings: “Credit loss write back / (expense) on other financial assets”; “Credit loss write back on other financial assets”.
  5. “Amortisation of leasehold land” is an issuer-specific line, not mapped to a shared definition: Note 18; part of operating expenses.
  6. “Depreciation of right-of-use assets” is an issuer-specific line, not mapped to a shared definition: Note 20(i); part of operating expenses.
  7. “Non-controlling interest” is an issuer-specific line, not mapped to a shared definition: As printed under 'Profit attributable to'.

Balance sheet

Balance sheet, KES thousands. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025; FY2023 — annual report (signed / final), comparative reported in the annual report for 2024.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filingFY2023Annual reportcomparative in FY2024 filing
Cash and balances with Central Banks 41,021,729 34,783,864 32,492,671
Deposits and balances due from banks 60,642,124 52,162,735 27,275,130
Debt instruments at fair value through Profit and Loss 630,701 –1 Not reported in this filing2
Derivative financial instruments 606,529 –1 Not reported in this filing3
Debt instruments at fair value through other comprehensive income 124,581,881 104,187,397 98,695,811
Equity instruments at fair value through other comprehensive income4 577,995 408,134 385,479
Loans and advances to customers 421,002,682 373,732,927 374,227,421
Debt instruments at amortised cost 121,269,921 114,282,288 91,741,759
Other assets 25,434,618 35,068,438 20,880,479
Investments in associates 3,818,397 3,656,036 2,711,086
Leasehold land5 30,864 31,473 32,083
Property and equipment 10,459,319 8,540,562 7,048,168
Right-of-use assets 4,562,792 3,992,799 4,079,075
Intangible assets 2,144,148 2,218,489 2,670,704
Deferred tax asset 7,274,628 6,830,998 6,338,746
Goodwill6 3,294,000 3,294,000 3,294,000
TOTAL ASSETS 827,352,328 743,190,140 672,527,388
Deposits and balances due to banks 2,762,025 2,801,077 4,457,278
Customer deposits 574,170,104 506,112,147 451,642,048
Loans and borrowings 61,697,075 55,406,100 67,334,316
Income tax payable 281,029 230,128 –7
Other liabilities 22,162,595 32,440,102 33,734,161
Provisions 237,547 230,576 284,379
Government grants8 332,561 351,037 369,513
Derivative financial instruments –7 367,277 1,396,103
TOTAL LIABILITIES 661,642,936 597,938,444 559,217,798
Share capital 5,867,180 5,867,180 5,867,180
Share premium 1,911,926 1,911,926 1,911,926
Revaluation reserve 2,563,229 1,599,661 1,621,428
Retained earnings 143,705,138 128,583,636 111,887,781
Fair value reserve 2,200,047 (1,789,920) (16,956,216)
Statutory reserve9 86,229 53,059 53,490
Foreign currency translation reserve10 –11 2,728 2,728
Proposed dividends12 8,800,770 8,800,770 8,800,770
Equity attributable to equity holders of parent (unlabelled subtotal) 165,134,519 145,029,040 113,189,087
Non-controlling interest 574,873 222,656 120,503
TOTAL EQUITY 165,709,392 145,251,696 113,309,590
TOTAL LIABILITIES AND EQUITY 827,352,328 743,190,140 672,527,388
Income tax recoverable Not reported in this filing13 Not reported in this filing1314 654,776
  1. Printed “-”, read as nil: subtotal_arithmetic: bs.total_assets.
  2. Printed “-”, read as nil: subtotal_arithmetic: bs.total_liabilities.
  3. Printed “-”, read as nil: subtotal_arithmetic: bs.equity_attributable_to_owners.
Notes and alternative reported figures (11)
  1. Not reported in this filing: Not printed: the statement of financial position of this filing (PDF p108) has no 'Financial assets at fair value through profit or loss' line for this column.
  2. Not reported in this filing: Not printed: the statement of financial position of this filing (PDF p108) has no 'Derivative financial assets' line for this column.
  3. “Equity instruments at fair value through other comprehensive income” is an issuer-specific line, not mapped to a shared definition: Note 10(c).
  4. “Leasehold land” is an issuer-specific line, not mapped to a shared definition: Note 18.
  5. “Goodwill” is an issuer-specific line, not mapped to a shared definition: Note 15(b).
  6. “Government grants” is an issuer-specific line, not mapped to a shared definition: Note 28: deferred grant income (liability).
  7. “Statutory reserve” is an issuer-specific line, not mapped to a shared definition: Note 31(d).
  8. “Foreign currency translation reserve” is an issuer-specific line, not mapped to a shared definition: Note 31(e).
  9. “Proposed dividends” is an issuer-specific line, not mapped to a shared definition: Note 32: proposed final dividend held in equity until approved.
  10. Not reported in this filing: Not printed: the statement of financial position of this filing (PDF p150) has no 'Current tax receivable' line for this column.
  11. Annual report dated 2025-03-21 presents this line for this year: - (p108). Not shown in this column, which follows one filing's presentation.

Cash flow

Cash flow, KES thousands. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025; FY2023 — annual report (signed / final), comparative reported in the annual report for 2024.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filingFY2023Annual reportcomparative in FY2024 filing
Cash generated from operating activities (13,779,805) 32,315,4041 51,114,979
Interest received 85,970,016 78,585,960 Not reported in this filing2
Interest paid3 (25,850,061) (29,571,515) Not reported in this filing4
Income tax paid (11,035,140) (9,732,503) (9,691,486)
Net cash generated from operating activities 35,305,010 71,597,3465 41,046,000
Purchase of property and equipment (2,514,112) (3,007,520) (1,588,272)
Purchase of intangible assets (775,832) (515,197) (1,136,938)
Proceeds from disposal of property and equipment 30,175 12,647 2,629
Purchase of investments at amortised cost6 (61,936,047) (70,585,750) (74,008,250)
Maturity of investments at amortised cost7 54,723,192 48,362,110 57,180,099
Net cash (used in)/ generated from investing activities8 (10,472,624) (25,733,710) (19,550,732)
Proceeds from borrowings 12,587,974 7,657,908 16,030,174
Repayment of borrowings (5,994,396) (15,912,341) (8,200,095)
Dividends paid to equity holders of the parent (14,667,950) (8,800,770) (8,800,770)
Repayment of principal portion of lease liabilities (1,556,177) (1,496,218) (1,284,558)
Net cash used in financing activities (9,630,549) (18,551,421) (2,255,249)
Net movement in cash and cash equivalents 15,201,837 27,312,2159 19,240,019
Cash and cash equivalents at the beginning of the year 86,406,914 59,188,65310 20,666,001
Effects of changes in foreign exchange rates11 636,355 (93,954)12 153,196
Cash and cash equivalents at 31 December 102,245,106 86,406,91413 40,059,215
Interest paid14 Not reported in this filing15 Not reported in this filing1516 (377,494)
Notes and alternative reported figures (16)
  1. Annual report dated 2025-03-21 prints 79,407,832 (thousands, p116) for this line and year.
  2. Not reported in this filing: Not printed: the statement of cash flows of this filing (PDF p116) has no 'Interest received' line for this column.
  3. “Interest paid” is an issuer-specific line, not mapped to a shared definition: Operating activities: interest paid on deposits, borrowings and other liabilities.
  4. Not reported in this filing: Not printed: the statement of cash flows of this filing (PDF p116) has no 'Interest paid' line for this column.
  5. Annual report dated 2025-03-21 prints 69,306,382 (thousands, p116) for this line and year.
  6. “Purchase of investments at amortised cost” is an issuer-specific line, not mapped to a shared definition: Investing activities.
  7. “Maturity of investments at amortised cost” is an issuer-specific line, not mapped to a shared definition: Note 14; investing activities.
  8. Printed under different labels across filings: “Net cash (used in)/ generated from investing activities”; “Net cash used in investing activities”.
  9. Annual report dated 2025-03-21 prints 25,021,251 (thousands, p116) for this line and year.
  10. Annual report dated 2025-03-21 prints 40,059,215 (thousands, p116) for this line and year.
  11. Printed under different labels across filings: “Effect of foreign exchange difference”; “Effects of changes in foreign exchange rates”.
  12. Annual report dated 2025-03-21 prints (93,953) (thousands, p116) for this line and year.
  13. Annual report dated 2025-03-21 prints 64,986,512 (thousands, p116) for this line and year.
  14. “Interest paid” is an issuer-specific line, not mapped to a shared definition: Operating activities, note 20(ii): interest on lease liabilities only in this report's presentation (interest received and paid on banking business are inside 'Cash generated from operating activities').
  15. Not reported in this filing: Not printed: the statement of cash flows of this filing (PDF p158) has no 'Interest paid (lease liabilities)' line for this column.
  16. Annual report dated 2025-03-21 presents this line for this year: (368,948) (p116). Not shown in this column, which follows one filing's presentation.

Per share and shares

Per share and shares. Columns: FY2025 — annual report (signed / final), as reported for the year; FY2024 — annual report (signed / final), comparative reported in the annual report for 2025; FY2023 — annual report (signed / final), comparative reported in the annual report for 2024.
Line (as printed) FY2025Annual reportreported for the yearFY2024Annual reportcomparative in FY2025 filingFY2023Annual reportcomparative in FY2024 filing
Earnings / (loss) per share (per share)1 5.04 4.33 3.92
Profit / (loss) attributable to shareholders (KES thousands)2 29,563,306 25,432,927 23,023,816
Weighted average shares (shares)3 5,867,180 thousand 5,867,180 thousand 5,867,180 thousand
Notes and alternative reported figures (3)
  1. Earnings / (loss) per share: printed as “Basic earnings per share (KShs)”.
  2. Profit / (loss) attributable to shareholders: printed as “Equity holders of the parent”.
  3. Weighted average shares: printed as “Weighted average number of ordinary shares for basic earnings per share (Thousands)”.

Segments

Segment data not yet collected for this company in the pilot.

Dividends

Proposed or recommended, declared and paid are different events and are kept apart. A statement that no dividend was proposed does not mean none was paid.

Dividend events, the issuer's wording, and amounts as printed
Year endedEventWording as printedAmountUnitSource
31 Dec 2025 Dividend recommended, subject to shareholder approval a final dividend in respect of year 2025 of KShs 1.50 (2024 - a first and final dividend of KShs 1.50) for every ordinary share of KShs 1 each will be proposed by the Directors and is subject to approval by shareholders no amount Annual report, p269
31 Dec 2025 Dividend proposed per share, as printed in a statement Final dividend proposed for the year, per share 1.50 KES per share Annual report, p269
31 Dec 2025 Dividends paid (cash flow statement) Dividends paid to equity holders of the parent (14,667,950) KES thousands Annual report, p158
31 Dec 2024 Dividend recommended, subject to shareholder approval The directors recommend payment of a first and final dividend of KShs 1.50 (2023: KShs 1.50) for every ordinary share of KShs 1 no amount Annual report, p90
31 Dec 2024 Dividend proposed per share, as printed in a statement Final dividend proposed for the year, per share 1.50 KES per share Annual report, p269
31 Dec 2024 Dividend proposed per share, as printed in a statement Final dividend proposed for the year, per share 1.50 KES per share Annual report, p90
31 Dec 2024 Dividends paid (cash flow statement) Dividends paid to equity holders of the parent (8,800,770) KES thousands Annual report, p158
31 Dec 2023 Dividend proposed per share, as printed in a statement Final dividend proposed for the year, per share 1.50 KES per share Annual report, p90
31 Dec 2023 Dividends paid (cash flow statement) Dividends paid to equity holders of the parent (8,800,770) KES thousands Annual report, p116

Sources

Each filing used on this page, newest period first. Dates are the document's own; the date we retrieved a file is shown separately and is never a publication date.

  • Co-op Bank 2025 Integrated Report and Financial Statements

    Year ended 31 December 2025 · Annual report · signed / final

    Audit: KPMG Kenya, unmodified opinion · signed

    Auditor's sign-off: KPMG Kenya; engagement partner FCPA Joseph Kariuki (practicing certificate P/2102)

    Final status: Auditor's report signed by FCPA Joseph Kariuki for KPMG Kenya, the date handwritten and read as '1 April 2026' (PDF p149, page image); statements approved by the board on 18th March 2026 and signed by the chairman, vice chairman, Group Managing Director & CEO and company secretary (PDF p150, page image).

    Document date
    1 Apr 2026
    Auditor's report
    1 Apr 2026
    Board approval
    18 Mar 2026
    Retrieved by us
    7 Oct 2026 (not a publication date)
    Used for
    statement columns FY2025, FY2024
    Basis
    consolidated statements · KES thousands (printed “KShs'000”)
    • Note 42 (p276) prints profit attributable to equity holders of the parent as 29,563,529; the statement of profit or loss (p151) and the statement of changes in equity (p156) print 29,563,306.
    • Note 44 (p277) prints 2024 items in the course of collection as (612,546) for the Group and 612,546 for the Bank.
    • Note 49: the 2024 cash flow is restated (IAS 8). Cash and cash equivalents now include the cash reserve ratio balance at the Central Bank (Group 2024: 64,986,512 previously reported, 86,406,914 restated); interest paid and foreign-exchange presentation were also corrected. Restated amounts are marked '*'.
    • An interim dividend of KShs 1 per share was paid in 2025 (2024: nil); the proposed final is KShs 1.50 (note 32).
    • The pypdf text layer splits some amounts with a space before a comma ('104,187 ,397'); values are read with pdfplumber, which keeps them whole, and the importer re-checks them against the same pdfplumber text.
    Technical details
    File
    289 pages, with a text layer
    SHA-256
    774239144fcd81ba98ed27bb5fd5de9aa78674bfe2e62f4e0ea2a0822e61bf44
    Entity as printed
    The Co-operative Bank of Kenya Limited (the Bank) and its subsidiaries (together, the Group)
    Issuer copy
    retrieved 2026-10-07T18:22:04Z · curl

  • Co-operative Bank of Kenya 2024 Integrated Report and Financial Statements

    Year ended 31 December 2024 · Annual report · signed / final

    Audit: Ernst & Young LLP (Kenya), unmodified opinion · signed

    Auditor's sign-off: Ernst & Young LLP; engagement partner CPA Nancy Muhoya (Practising Certificate Number 2158)

    Final status: Auditor's report signed by CPA Nancy Muhoya for Ernst & Young LLP and dated 21st March 2025 (PDF p107, page image); statements approved by the board on 19th March 2025 and signed by the chairman, vice chairman, Group Managing Director & CEO and company secretary (PDF p108, page image).

    Document date
    21 Mar 2025
    Auditor's report
    21 Mar 2025
    Board approval
    19 Mar 2025
    Retrieved by us
    7 Oct 2026 (not a publication date)
    Used for
    statement columns FY2023
    Basis
    consolidated statements · KES thousands (printed “KShs'000”)
    • Note 42 (p223) prints 2024 'profit for the year attributable to equity holder of the parent' as 25,456,345, the Group's profit for the year; the statement of profit or loss (p109) prints 25,432,927 attributable to equity holders. Basic EPS 4.33 follows either figure over 5,867,180 thousand shares.
    • This report's 2024 cash flow (cash and cash equivalents 64,986,512 at 31 December 2024; net movement 25,021,251) is restated in the 2025 report (86,406,914; 27,312,215), which includes the cash reserve ratio balance (note 49 of the 2025 report).
    • Values read with pdfplumber (the pypdf layer splits amounts); the importer re-checks them against the same text.
    Technical details
    File
    234 pages, with a text layer
    SHA-256
    6e0c12ba0550ef7ba97f8bb97d69429a84310ed8d8ef22486f9bf8ca665d3401
    Entity as printed
    The Co-operative Bank of Kenya Limited (the Bank) and its subsidiaries (together, the Group)
    Issuer copy
    retrieved 2026-10-07T18:22:07Z · curl

Data notes

No figure-level notes beyond those in the tables.

Review status: every figure has been checked against its cited source page in an AI-assisted source verification (7 October 2026). Independent review is pending for every figure; automated checks and the AI-assisted verification are not independent review.

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