Consolidated Bank, which is fully owned by the Kenyan Government, has posted a 261 percent growth in profit after tax to Sh217.5 million for the full year ending December 31, 2025, an improvement from a loss of Sh135 million in 2024.
Profitability was boosted by a 38 percent rise in net interest income to Sh1.3 billion from Sh940 million in 2024.
Similarly, non-funded income increased by 11 percent to Sh631 million from Sh568 million, pushing total income to an all-time high of Sh1.9 billion, up from Sh1.5 billion, representing a 28 percent growth.
“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 acting Chief Executive Officer Dominic Murage.
“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 total assets grew by 11 percent to Sh19.5 billion from Sh17.5 billion in 2024, driven largely by a 29 percent increase in investments in government securities to Sh8.2 billion from Sh6.4 billion.
