Consolidated Bank has recorded a significant financial turnaround, posting a net profit of Ksh 21.6 million for the six months ended 30 June 2025—compared to a loss of Ksh 76.8 million during the same period in 2024.
The bank also reversed its total comprehensive income from a loss of Ksh 84.9 million in H1 2024 to a gain of Ksh 12 million in the first half of 2025.
This performance reflects the success of the bank’s multi-year recovery strategy focused on revenue diversification and balance sheet expansion.
Key Financial Highlights for H1 2025:
- Total assets grew by 19 percent, rising to Ksh 18.4 billion from Ksh 15.5 billion
- Customer deposits increased by 8 percent, reaching Ksh 12 billion, supporting a strong liquidity ratio of over 30 percent, well above the statutory minimum of 20 percent
- Net interest income rose sharply by 21 percent to Ksh 551 million, up from Ksh 455 million—a reflection of improved asset pricing and a more diversified loan book
- Non-funded income (non-interest income) declined slightly, dropping to Ksh 282 million from Ksh 315 million.
- Operating expenses were reduced by 4 percent, falling to Ksh 812 million from Ksh 848 million, as a result of improved operational efficiency and prudent cost control
Chief Executive Officer Sam Muturi attributed the improvement to disciplined execution of the strategic plan, stating: “The Bank’s growth outlook is positive and is gearing up for accelerated growth through improved digital service delivery channels as well as innovative products to serve our customers especially in the SME and MSME sectors”
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