Co-op Bank Raises Interim Dividend by 50% to KSh1.50 Per Share
Co-op Bank Raises Interim Dividend by 50% to KSh1.50 Per Share
Co-operative Bank of Kenya has announced a 50 per cent increase in its interim dividend, raising the payout to KSh1.50 per share from KSh1.00 paid to shareholders last year.
The bank’s Board approved the higher dividend following the Group’s strong financial performance during the nine months ended September 30, 2026.
Shareholders whose names appear in the company’s register at the close of business on November 25, 2026, will qualify for the dividend.
The lender has scheduled payment for December 4, 2026, giving investors an increased return compared to the previous year.
The dividend increase comes amid improved earnings, with Co-op Bank reporting a 19.6 per cent rise in profit before tax to KSh35.9 billion and a 27.2 per cent growth in profit after tax to KSh27.4 billion.
The higher payout signals the bank’s decision to reward shareholders following its improved financial performance in the first nine months of 2026.
Co-op Bank Launches Ignite Youth Banking Proposition
The bank accelerated its youth banking strategy through the launch of its Ignite brand, targeting more than 10 million youth customers in the medium term.
By Q3 2026, the bank had disbursed KSh47.5 billion to youth customers, supporting more than 585,000 young people in entrepreneurship, business expansion and income generation.
More than 210,000 young people also accessed financial literacy and empowerment programmes.
Through its Co-op Bank App, the lender expanded digital access to savings, investments, credit and business support services.
The youth banking proposition had accumulated more than KSh1.75 billion in assets under management through Money Market Fund and bond investment products.
Bank Embarks on AI-Powered Transformation Project
Co-op Bank also announced progress in Project Angaza, an enterprise-wide transformation programme aimed at integrating artificial intelligence, data and automation into its operations.
The initiative seeks to improve customer experience, strengthen operational efficiency, accelerate innovation and enhance decision-making.
The bank said the project is anchored on four strategic outcomes covering customer experience, employee capabilities, business performance and responsible use of artificial intelligence.
Subsidiaries Record Improved Performance
The Group’s subsidiaries also contributed to the overall financial performance.
Kingdom Bank recorded a Profit Before Tax of KSh1.33 billion, representing a 61.8 per cent increase from KSh820.2 million in the previous period.
Co-op Bancassurance Intermediary posted a Profit Before Tax of KSh1.39 billion, while Co-optrust Investment Services recorded KSh966.8 million, representing a 54.8 per cent increase from KSh624.7 million.
Co-op Bank of South Sudan posted a Profit Before Tax of KSh528 million, compared to KSh93.5 million in Q3 2025.
Kingdom Securities recorded a Profit Before Tax of KSh104.5 million, up from KSh89.9 million, representing a 16.2 per cent increase.
