Africa-Press – Kenya. Consolidated Bank Group has continued its financial rebound, posting a profit before tax of Sh94.7 million for the nine months ending September 30, 2025. This marks a dramatic turnaround of 177 per cent from the Sh122.4 million loss recorded over the same period last year.
The bank attributed the improved performance to the ongoing execution of its five-year strategic plan themed “turnaround and growth.”
According to the Acting Head of Finance and Administration, Fred Ronoh, the lender is making significant progress across its key pillars despite a challenging operating environment.
Ronoh said the bank remains committed to strengthening its balance sheet, diversifying revenues, and investing in customer-centric solutions. He noted that the positive trajectory reflects disciplined implementation of the bank’s strategy.
The bank’s total assets grew by an impressive 22 per cent to Sh19.3 billion, up from Sh15.8 billion recorded during the same period last year.
Customer deposits also rose by 4 per cent to Sh12.3 billion. Net advances, however, declined slightly by 2 per cent, closing the quarter at Sh8.3 billion.
Consolidated Bank maintained strong liquidity levels, standing at 31 percent—well above the statutory minimum requirement of 20 percent.
The bank’s profitability was boosted by growth in earnings and improved operational efficiency. Net earnings rose by 27 percent, from Sh711 million to Sh903 million. A significant jump in interest income from government securities also played a key role, climbing to Sh583 million from Sh278 million last year.
At the same time, interest expense dropped by 9 percent to Sh581 million, further supporting the bank’s improved margins. Non-interest income grew by 10 per cent to Sh484 million, contributing to an overall 21 percent rise in total operating income to Sh1.4 billion, up from Sh1.1 billion a year earlier.
Operating expenses increased only marginally by 2 per cent, reaching Sh1.29 billion from Sh1.27 billion, a sign of prudent cost control. However, impairment charges on non-performing loans rose to Sh267 million from Sh211 million due to a 9 percent increase in gross NPLs. The bank said it continues to pursue aggressive recovery efforts and reinforce risk management.
Management says the bank is well positioned for sustained growth as it builds on its stronger balance sheet and invests in digital banking channels.
Shareholders, who are predominantly government institutions, remain committed to ensuring that the bank is adequately capitalized to meet regulatory requirements.
With 35 years of experience and a strategic focus on SMEs, Consolidated Bank believes it is primed to support growing businesses and unlock new opportunities. The statement affirmed that the bank “is well positioned for continued growth” as it consolidates its recovery momentum.
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