Consolidated Bank has announced a profit before tax of KSh 217.5 million for the financial year ended 31 December 2025, marking a 261% improvement from the Ksh.135 million loss recorded in the year ended 31st December 2024.
The strong performance underscores the success of the Bank’s ongoing transformation agenda underpinned by its five-year Strategic Plan.
The Bank reported a net interest income of Ksh.1.3 billion, up from Ksh.940 million in the previous year, representing a 38% growth. Non-funded income grew by an impressive 11% to hit Ksh.631 million compared to Ksh.568 million recorded the previous year. As a result, total income reached an all‑time high of KSh 1.9 billion, up from KSh 1.5 billion, representing a 28% increase.
The Bank’s total assets grew to Ksh 19.5 billion from Ksh. 17.5 billion in 2024, representing an 11% growth. This growth in balance sheet size was primarily driven by a 29% increase in investments in government securities, which closed at Kshs 8.2 billion from the previous Ksh.6.4 billion. Loans and advances to customers increased by 1%, closing the year at Ksh. 8.6 billion.
Customer deposits grew by 10% to KSh 12.3 billion from KSh 11.7 billion in 2024, supported by a diversified business growth strategy. The Bank maintained a strong liquidity position, with a liquidity ratio of 30%.
Ag. Chief Executive Officer, Dr. Dominic Murage, attributes the strong results to the Bank’s disciplined execution of its turnaround strategy and resilience amid a challenging 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,” noted Dr. Murage.
He further emphasized the Bank’s renewed focus on key customer segments and partnerships. “Small and Medium Enterprises (SMEs) remain central to our business model and portfolio, and we intend to deepen our support for them. 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 added.
The Bank’s operating expenses grew by a marginal 1% to close the year at Ksh.1.7 billion from the previous year’s Ksh.1.6 billion, reflecting controlled spending aligned with business growth needs. Provisions for loan impairments grew by 23% to Ksh. 288 Million due to the tough operating environment most businesses operated in and the Bank’s principles of prudence in risk management.
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