Consolidated Bank’s profits up 14-fold on cheap deposits

A Consolidated Bank of Kenya branch in Nairobi.

Photo credit: File | Nation Media Group

Consolidated Bank of Kenya's net profit for the half-year to June 2026 grew 14-fold, riding on lower interest expenses following mobilisation of cheap deposits, especially from government institutions.

The state-owned lender recorded a net profit of Sh174.8 million for the six months compared to Sh12 million posted in a similar period a year earlier.

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