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# Co-operative Bank of Kenya Posts FY2024 Profit After Tax of KES 25.5 Billion, Up 9.8%
- URL: https://www.theglobalbanker.com/co-operative-bank-kenya-fy2024-pat-25-5-billion-up-9-8-percent/
- Published: 2025-03-20T17:32:00.000Z
- Updated: 2026-10-02T13:49:17.000Z
- Description: Co-operative Bank of Kenya grew full-year 2024 profit after tax by 9.8% to KES 25.5 billion as total assets rose 11% to KES 743 billion.
- Author: TGB Editorial Team
- Tags: Banking News, Africa, #archive

Co-operative Bank of Kenya reported profit after tax of KES 25.5 billion for full-year 2024, a 9.8% increase year on year, as the lender expanded its balance sheet and grew both interest and non-interest income streams. Results were published on 20 March 2025.

Profit before tax came in at KES 34.8 billion, and earnings per share reached KES 4.33\. The board recommended a dividend of KES 1.50 per share, subject to shareholder approval at the annual general meeting on 16 May 2025\. 

#### INCOME AND BALANCE SHEET

Net interest income grew 13.9% to KES 51.5 billion. 

Non-funded income rose 10.1% to KES 29.1 billion. Customer deposits grew 12.1% to KES 506 billion. Total assets expanded 11% to KES 743 billion.

#### ASSET QUALITY

The gross non-performing loan ratio was 17.2%. Non-performing loans rose to KES 71.1 billion from KES 66.9 billion.