{
  "id": 670260,
  "title": "Co-op Bank profit after tax up 28pc to Sh18bn in H1",
  "url": "https://urgent.news/2026/08/12/co-op-bank-profit-after-tax-up-28pc-to-sh18bn-in-h1",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-08-12T13:14:07.000Z",
  "source": {
    "name": "Capital Business",
    "slug": "capital-business",
    "url": "https://capitalfm.africa/co-op-bank-profit-after-tax-up-28pc-to-sh18bn-in-h1/"
  },
  "original_language": "en",
  "account": "Co-operative Bank reported a significant 28 percent increase in profit after tax, reaching Sh18 billion in the first half of 2026. This growth, up from Sh14.1 billion in the same period last year, was primarily driven by a 13 percent rise in net interest income to Sh33 billion. The bank's operating income also increased by 12.5 percent, reaching Sh48.9 billion, thanks to growth in net interest income and resilient non-funded income. Kingdom Bank, a subsidiary of Co-op Bank, saw its profit before tax rise by 77.8 percent to Sh873 million, while Co-op Bancassurance Intermediary's gross profit increased to Sh812.7 million, buoyed by increased insurance penetration. Co-optrust Investment Services, the bank's fund management business, reported a profit before tax of Sh640.5 million, a 77.5 percent increase compared to H1 2025. Co-op Bank of South Sudan also reported a notable rise in profit before tax to Sh224 million. The bank's managing director, Gideon Muriuki, highlighted the bank's strong liquidity and capital position, with a liquidity ratio of 57.3 percent and total capital to total risk weighted assets at 22.9 percent. The bank's asset quality also improved, with the non-performing loans ratio declining to 13.9 percent from 17.2 percent in H1 2025.",
  "summary": "The growth was supported by a 13 percent increase in net interest income to Sh33 billion.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}