State-owned Consolidated Bank posts Sh174.83mn net profit in H1
Net interest income grew by 33.9 percent to Sh738.15 million, while non-interest income increased by 17.6 percent to Sh331.55 million.
Nairobi, Kenya witnessed Consolidated Bank of Kenya reporting a remarkable surge in its half-year profits for the period ending June 30, 2026. The state-owned bank's net profit after tax skyrocketed by an astounding 1,349.5 percent, reaching an impressive Sh174.83 million. This substantial increase was primarily driven by a remarkable rise in both net interest income and non-interest income.
Net interest income soared by 33.9 percent, reaching Sh738.15 million, while non-interest income expanded by 17.6 percent, peaking at Sh331.55 million.
The bank's loan portfolio also experienced growth, with net loans and advances increasing by 4.3 percent to Sh8.44 billion. Concurrently, customer deposits rose by 13 percent to Sh13.57 billion. Despite this positive trend, the bank acknowledged a 12.5 percent rise in gross non-performing loans to Sh4.27 billion. Loan loss provisions also expanded by 23.5 percent to Sh199.85 million.
Overall, the bank's total assets expanded by 14.4 percent to Sh21.05 billion, while total operating income soared by 28.3 percent to Sh1.07 billion.
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