Co-operative Bank Posts 21bn Profit

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Kenya’s Co-operative Bank announced its first-ever interim dividend after posting KSh21.56 billion in after-tax profit for the first nine months of the year, a 12.3% rise from 2024. The board approved a KSh1 per share payout totaling KSh5.86 billion. The bank reported asset growth to KSh796.1 billion, driven by expanded lending and higher customer deposits. Digital transactions accounted for over 93% of activity, while subsidiaries and the South Sudan unit recorded improved earnings.