Consolidated Bank Group has recorded a pre-tax profit of Ksh 94.7 million in Q3 2025.
In a statement dated Monday, 24 November 2025, for the nine months ending 30th September 2025, the bank announced that it made a significant turnaround of 177% from the loss of Ksh. 122.4 million in the same period last year, and a turnaround from years of losses.
“Consolidated Bank Group has reported a profit before tax of Ksh.94.7 million for the nine months ending 30th September 2025 marking a significant turnaround of 177% from the loss of Ksh.122.4 million in the same period last year and turnaround from years of losses,” read the statement.
Consolidated Bank’s strategy for strong performance
The bank’s strong performance was supported by a 27% growth in net earnings, rising from Ksh 711 million to Ksh 903 million.
The performance was also attributed to an increase in interest income from government securities, which rose to Ksh 583 million from Ksh 278 million, while interest expenses declined by 9% to Ksh 581 million. Non-interest income also grew by 10% to Ksh 484 million, resulting in an overall 21% increase in total operating income to Ksh 1.4 billion, up from Ksh 1.1 billion in the previous year.
“The performance was driven by 27% growth in the net earnings from the Ksh.711 million to Ksh.903 million. A rise in interest income from Government securities to Ksh.583 million from Ksh.278 million and a decline in interest expense by 9% to Ksh.581 million drove up the interest income. The Bank’s non-interest income grew by 10% to Ksh.484 million leading to an overall 21% growth in the total operating income to hit Ksh.1.4 billion from the Ksh.1.1 billion recorded the previous year.” Read part of the statement.
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Additionally, the Bank’s Ag. Head of Finance and Administration, Fred Ronoh, has confirmed that the Bank remains focused on executing its strategy and is making strong progress across the key strategic pillars of Balance Sheet growth, diversified Revenue, and continued investment in its customers.
Cost Management and Risk Oversight
According to the press release, the bank’s careful approach to expense control and risk mitigation played a major role in sustaining its growth strategy.
Despite the operational costs remaining largely stable and reflecting efficiency in managing day-to-day operations, the bank intensified efforts to recover non-performing loans, ensuring that credit risks were minimized and financial stability maintained.
“The Bank’s operating expense increased by a marginal 2% to Ksh. 1.29 billion from the Ksh.1.27 billion due to prudent cost management measures. Impairment charges for non-performing loans (NPLs) increased to Ksh.267 million from the previous year Ksh.211 million due to the 9% increase in the Gross NPLs even as the Bank continued with aggressive recovery efforts and prudent risk management.” Read part of the press release.
About Consolidated Bank
Consolidated Bank of Kenya Limited was incorporated on 7th December 1989.
It is fully owned by the Government, with the majority shareholding in the Bank (93.4%) held by the National Treasury. However, the remaining shareholding is spread over twenty-five (25) parastatals and other government-related/controlled organizations.
The bank was introduced to stabilize the financial sector through the acquisition of nine insolvent institutions and, thereafter, restructuring them into a viable, professionally run commercial bank.
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The Bank enjoys an independent, dynamic, results-oriented culture and a flexible, innovative approach. We understand the markets our clients operate in and offer a service built on personalized, specialized banking solutions.
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