Co-op Bank posts Sh8.41 billion profit amid tough economy

Co-operative Bank of Kenya's net profit for the three months that ended on March 31, 2026,  marks the bank's strongest-ever quarterly performance. [File, Standard]

Co-operative Bank of Kenya (Co-op Bank) has reported a record 21.3 per cent jump in first-quarter net profit, as a surge in earnings from its non-banking subsidiaries helped the lender defy a broader economic slowdown.

In an announcement made on Wednesday, the net profit for the three months that ended on March 31 rose to Sh8.41 billion from Sh6.93 billion a year earlier, marking the bank's strongest-ever quarterly performance.