Co-op Bank posts record Ksh11.37 billion Q1 profit

Co-op Bank reported a profit of Ksh11.37 billion for the first quarter of 2026. The bank called the result its best-ever performance in any single quarter.

Co-op Bank announced its financial results for the first quarter of 2026 on Wednesday. The bank recorded a profit of Ksh11.37 billion during the period.

Bank officials described the outcome as the best-ever performance recorded in a single quarter. The figures cover the months from January to March.

The report was released by the Nairobi-based lender through local media channels.

ተያያዥ ጽሁፎች

Co-op Bank has recorded a historic profit of Ksh40.3 billion and proposes a dividend of Ksh2.50 per share. The 15-million-member co-operative movement is expected to receive approximately Ksh9.47 billion from the total payout, subject to shareholder approval at the forthcoming Annual General Meeting.

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Leading online lender KakaoBank reported record first-quarter earnings on Wednesday due to one-off income. Net profit for January-March rose 36.3 percent year-on-year to 187.3 billion won ($128.4 million). The company attributed the gain to its investment in Indonesian digital bank Superbank's recent listing.

Shares of Union Bank of India dropped 10% over two days following the release of its fiscal fourth quarter results for 2026. Despite a rise in net profit, the earnings disappointed brokerages due to weak net interest income and a sharp increase in provisions. Analysts expressed caution over elevated credit costs and limited near-term upside.

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The Banco de la República reported record profits of $13.9 trillion for the end of 2025, mainly driven by net income from international reserves. These earnings surpass Ecopetrol's transfers for the second consecutive year. The bank will transfer $13.8 trillion to the National Government, partly in debt securities and partly in cash.

 

 

 

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