Consolidated Bank returns to profit with Sh21.6 million half-year earnings
Management credits this performance to stronger operational efficiency, tighter cost controls, and disciplined execution of its strategic plan.
Consolidated Bank has returned to profitability, reporting a Sh21.6 million net profit for the six months ending June 30, 2025, after recording a Sh76.8 million loss during the same period last year.
The turnaround marks a major milestone in the lender’s recovery plan, which has been in motion after years of financial strain.
The bank’s total comprehensive income for the half-year stood at Sh12 million, reversing a Sh84.9 million loss posted in the first half of 2024.
Management credits this performance to stronger operational efficiency, tighter cost controls, and disciplined execution of its strategic plan.
Chief Executive Officer Sam Muturi said the results reflected deliberate efforts to stabilise and grow the institution, with total operating expenses dropping by 4 percent to Sh812 million.
“The Bank’s growth outlook is positive and is gearing up for accelerated growth through improved digital service delivery channels as well as innovative products to serve our customers especially in the SME and MSME sectors.
“We will continue building on the strategic initiatives undertaken over the last three years to transform the position of the Bank, and we are pleased to note that they have already started bearing fruits,” he said.
The lender’s net interest income increased by 21 percent to Sh551 million, boosted by better asset pricing and a diversified loan portfolio. However, non-funded income fell from Sh315 million to Sh282 million.
Consolidated Bank says its next phase of growth will be anchored on expanding digital services, strengthening its balance sheet, and targeting new opportunities within the SME and MSME markets.
