Consolidated Bank’s Strategic Plan Pays Off with Ksh217.5M Profit in 2025

Consolidated Bank of Kenya has reported a strong financial turnaround for the year, which ended December 31, 2025, posting a profit before tax of Ksh 217.5 million compared to a Ksh 135 million loss recorded in 2024, a 261% improvement year on year that signals steady progress in the bank’s transformation agenda.

The report issued on March 31 2026, says the improved performance reflects gains made under the bank’s five-year Strategic Plan, with management attributing the growth to enhanced operational efficiency, cost containment measures, and disciplined execution of its turnaround and growth strategy despite a challenging operating environment.

The bank’s revenue performance remained solid during the period, with total income rising by 28% to reach an all-time high of Ksh 1.9 billion, up from Ksh 1.5 billion the previous year, the report records.

The report also says that net interest income increased by 38% to Ksh 1.3 billion from Ksh 940 million in 2024, which was supported by improved asset yields and prudent balance sheet management.

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Income Growth

Non-funded income also grew by 11% to Ksh 631 million from Ksh 568 million recorded the previous year.

The report further says balance sheet growth was equally notable, with total assets expanding by 11 per cent to close the year at Ksh 19.5 billion. The growth was largely driven by a 29% increase in investments in government securities, which stood at Ksh 8.2 billion.

Loans And Advances

Loans and advances to customers grew modestly by 1% to Ksh 8.6 billion, while customer deposits rose by 10% to Ksh 12.3 billion, supporting a healthy liquidity ratio of 30%.

In the report, operating expenses rose marginally by 1% to Ksh 1.7 billion from Ksh 1.6 billion in the previous year, reflecting controlled spending which aligned with business growth needs.

However, provisions for loan impairments increased by 23% to Ksh 288 million due to the tough operating environment most businesses faced and the bank’s prudence in risk management.

Acting CEO Talks

The acting Chief Executive Officer, Dominic Murage, attributed the strong results to disciplined execution of the bank’s turnaround strategy and resilience amid the difficult operating environment.

“This performance demonstrates the impact of the strategic efficiency measures we implemented across the business, which have enabled significant cost savings. Maintaining these efficiency levels will remain a priority going forward,” said Dr Murage.

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Murage added that the bank is strengthening its focus on key customer segments and partnerships, particularly small and medium enterprises (SMEs), which remain central to its business model and portfolio.

“Additionally, as a government-owned institution, we are uniquely positioned to support public sector financing needs. We aim to strengthen our collaboration with government agencies, parastatals, universities and ministries to position Consolidated Bank as the preferred banking partner for the public sector,” he said.

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