The Lower Eastern Times Opening The Third Eye
State-owned Consolidated Bank of Kenya recorded a significant rise in profit after tax, reaching Sh174.83 million in the six months to June 30, 2026, up 1,349.5 percent from the previous period. The strong performance was driven by growth in both net interest and non-interest income.
Net interest income increased by 33.9 percent to Sh738.15 million, while non-interest income rose 17.6 percent to Sh331.55 million.
During the first half of the year, net loans and advances grew by 4.3 percent to Sh8.44 billion, while customer deposits climbed 13 percent to Sh13.57 billion.
However, the bank’s gross non-performing loans rose by 12.5 percent to Sh4.27 billion. Loan loss provisions also increased by 23.5 percent to Sh199.85 million.
According to the financial statements, total assets expanded by 14.4 percent to Sh21.05 billion, while total operating income grew 28.3 percent to Sh1.07 billion.
The Kenyan Government remains the majority owner of Consolidated Bank, holding a 93.4 percent stake through the National Treasury and state entities, including the Deposit Protection Fund. The remaining shares are held by 25 government parastatals.
