The Lower Eastern Times Opening The Third Eye
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Consolidated Bank Group posted a pre-tax profit of Ksh 94.7 million for the nine months ending September 30, 2025, marking a remarkable 177% turnaround from a loss of Ksh 122.4 million during the same period last year and reversing a long trend of deficits.
The improved performance is credited to the consistent implementation of the Bank’s five-year strategic plan, “Turnaround and Growth.” Acting Head of Finance and Administration Fred Ronoh highlighted progress across key pillars, including balance sheet expansion, revenue diversification, and sustained investment in customer experience, despite a challenging economic environment.
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Total assets rose 22% to Ksh 19.3 billion from Ksh 15.8 billion the previous year, reflecting a stronger balance sheet. Customer deposits grew 4% to Ksh 12.3 billion, while net advances slightly declined by 2% to Ksh 8.3 billion. The liquidity ratio remained healthy at 31%, well above the statutory minimum of 20%.
Net interest income increased 27% from Ksh 711 million to Ksh 903 million, driven by higher earnings from government securities, which rose to Ksh 583 million from Ksh 278 million, alongside a 9% reduction in interest expenses to Ksh 581 million. Non-interest income grew 10% to Ksh 484 million, pushing total operating income up 21% to Ksh 1.4 billion from Ksh 1.1 billion the previous year.
Operating expenses edged up 2% to Ksh 1.29 billion, reflecting ongoing cost management efforts. Impairment charges on non-performing loans increased to Ksh 267 million from Ksh 211 million, following a 9% rise in gross NPLs, even as the Bank strengthened recovery efforts and risk controls.
The Bank says it is well-positioned for sustained growth, supported by a stronger balance sheet, digital investments, and a customer-centric approach. Shareholders remain committed to ensuring adequate capitalization to meet regulatory requirements.
