Co-operative Bank Group, led by CEO Gideon Muriuki, has announced plans to distribute an interim dividend of Ksh5.9 billion ($45.4 million) to shareholders following robust performance in the first nine months of 2025. The payout, representing Ksh1 ($0.0077) per share, is subject to shareholder approval.
The Nairobi-based lender posted a 12.3 percent rise in profit after tax, reaching Ksh21.6 billion ($167.1 million) from Ksh19.2 billion ($148.5 million) a year earlier. The increase was driven by stronger lending income, improved cost management, and contributions from subsidiaries including Kingdom Securities, Co-op Trust Investment Services, Co-operative Consultancy & Insurance Agency, Kingdom Bank, and Co-operative Bank of South Sudan.
Muriuki, who has overseen the bank’s growth for more than two decades and holds 117.5 million ordinary shares, stands to receive roughly $908,978 from the interim dividend, placing him among the top individual dividend earners on the Nairobi Securities Exchange.
The bank continues to expand its branch network and digital services, opening 15 new outlets and executive centres across Kenya, even as it navigates rising funding costs and a mixed economic backdrop.
Shareholders’ funds rose 24.5 percent to Ksh164.2 billion ($1.27 billion), while total assets increased 8.6 percent to Ksh815.3 billion ($6.31 billion), supported by customer deposits which grew 6.7 percent to Ksh548.6 billion ($4.24 billion). The steady growth underlines Co-op Bank’s position as one of Kenya’s most widely held and profitable financial institutions.
