Co-op Bank records historic profit of Ksh40.3 billion

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.

Co-op Bank has reported a historic profit of Ksh40.3 billion, according to a report from Kenyans.co.ke. The bank proposes a dividend of Ksh2.50 per share, which will be subject to approval by shareholders at the upcoming Annual General Meeting. The co-operative movement, with 15 million members, is expected to receive approximately Ksh9.47 billion from the total payout. The report was published on March 19, 2026.

Related Articles

The Cooperative Bank of Oromia saw strong deposit growth outpacing competitors in the 2024/25 financial year. However, net profit dipped slightly to 1.56 billion birr from 1.61 billion birr the prior year, highlighting challenges in profitability.

Reported by AI

Bancoomeva's board of directors will present to the General Assembly of Shareholders a project to distribute profits amounting to 1.376 million pesos, payable through ordinary shares. This amount stems from a net profit of around 1.516 million after pre-tax losses and tax provisions. The distribution would be proportional to shareholders, with fractions allocated to the legal reserve.

Sumitomo Mitsui Financial Group may achieve a consolidated net profit of ¥2 trillion earlier than the expected period around 2030, President Toru Nakashima said in a recent interview. Backed by strong domestic business, the group anticipates a record ¥1.5 trillion profit for fiscal 2025.

Reported by AI

Ecopetrol's 2026 General Shareholders' Assembly at Corferias approved a $121 per share dividend distribution for minorities, as proposed by the Ministry of Hacienda. The event was marked by tensions over president Ricardo Roa's tenure amid ongoing judicial processes. The company reported $9 trillion in 2025 profits, the lowest since the pandemic.

 

 

 

This website uses cookies

We use cookies for analytics to improve our site. Read our privacy policy for more information.
Decline