Co-op Bank Q3 Profit After Tax Rises 27.2% to KSh 27.4 Billion
Co-operative Bank kicked off the banking sector’s Q3’2026 reporting season with a strong performance, recording a 27.2% increase in Profit After Tax to KSh 27.4 billion. Profit Before Tax grew by 19.6% to KSh 35.9 billion, supported by higher operating income and continued balance sheet growth. Operating income increased by 11.6% to KSh 75.2 billion, while net loans and advances expanded by 22.2% to KSh 496.9 billion. Customer deposits also grew by 14.8% to KSh 642.5 billion, providing the bank with a larger funding base to support lending.
Reflecting the stronger performance, the Board approved a 50% increase in the interim dividend to KSh 1.50 per share.
Quickmart Officially Lists on the NSE
Quickmart PLC is now officially listed on the Nairobi Securities Exchange, following its successful initial public offering. The offer attracted strong demand from domestic, regional and international investors, with 18,492 applications received for 2,454,598,686 Offer Shares, representing an overall subscription level of 122.7%.
Kenyan retail and institutional investors received 100% allocations. The listing adds another consumer-facing business to the NSE and gives investors an opportunity to participate in the growth of one of Kenya’s major supermarket chains through the capital markets.
Banks Lend KSh 424.67 Billion to MSMEs
Kenya’s banking industry provided KSh 424.67 billion in new loans to micro, small and medium enterprises between January and September 2026, representing a 30% increase from the KSh 326.5 billion lent during the same period in 2025. The growth puts the sector closer to its KSh 500 billion target for new MSME loans in 2026 and puts it on course to record its highest annual lending to small businesses.
The increase comes as borrowing costs continue to decline. Average commercial bank lending rates fell to 14.4% in September 2026, from 17.2% in November 2024. Private sector credit growth also improved to 10.6% in September, up from 10.3% in August. Loan repayment trends have also improved. The gross non-performing loan ratio declined to 13.9% in September, from 14.8% in June and 17.6% in August 2025.
NCBA Wins Three Awards for Customer Experience and Technology
NCBA has been recognized at the 2026 ICX Kenya Service Excellence Awards, winning Best CX Strategy, Best Use of Technology and the People’s Choice Award. In a separate development, the bank’s Digital Insurance Premium Financing (IPF) project was named Project of the Year at the PMI Kenya Chapter Gala.
I&M Bank Partners with PMI Kenya Chapter
I&M Bank has partnered with the PMI Kenya Chapter to strengthen project delivery and governance while equipping its teams with skills to translate business priorities into meaningful results.
The partnership focuses on building project management capabilities within the bank, supporting stronger execution and governance.
Co-op Bank Commits KSh 1.5 Billion to Electric Mobility for PSVs
Co-operative Bank has launched a new e-mobility financing facility for PSV matatu SACCOs, committing an initial KSh 1.5 billion to be deployed over the next 12 months.
The facility will finance PSV SACCOs seeking to purchase electric vehicles as a fleet, with the bank providing financing of up to 90% of the vehicle cost. Two 16-seater electric vans supplied by BasiGo have already been released to Enabled Mashariki SACCO.
Government Seeks KSh 50 Billion Through Reopened Treasury Bonds
The Central Bank of Kenya is seeking to raise KSh 50 billion for budgetary support through the reopening of two fixed-coupon Treasury bonds.
The offer comprises the 15-year FXD1/2019/015, and the 30-year SDB1/2011/030 carrying coupon rates of 12.8570% and 12.0000%, respectively. The deadline for bids is 10:00 a.m. on 18 November, with settlement scheduled for 23 November 2026.
Finance for Teens Returns This December
Abojani and the Nairobi Securities Exchange are holding the Financial Literacy for Teens workshop on December 4th 2026. The session will cover earning and understanding the value of money, budgeting, distinguishing needs from wants, setting financial goals and investing, including shares and Money Market Funds.
This programme offers parents an opportunity to introduce teenagers to practical money skills during the holidays to help them develop greater confidence in making financial decisions from an early age.
Register here: https://forms.cloud.microsoft/r/ffEQQZNuir
KBA CEO Chat: Financing the Business of Tomorrow
This week’s #KBACEOChat featured Rebecca Mbithi, CEO of Ecobank Kenya, who discussed how young entrepreneurs can turn ideas into sustainable businesses.
The final instalment in the current CEO Chat series takes place next week, featuring Abdi Mohamed, CEO of I&M Bank Kenya, who will discuss “Growing Your Business Through Smarter Financial Decisions.”
Coming Up: Q3 Banking Results
The banking sector’s Q3 reporting season continues next week, with several major listed banks expected to release their results.
On Tuesday, 17 November 2026, Equity Group and Absa Bank Kenya are expected to announce their Q3 results.
On Wednesday, 18 November 2026, KCB Group and Standard Chartered Bank Kenya are expected to release their Q3 results.
5 Days to the 6th Abojani Economic Empowerment Conference!
The momentum is building as we count down to the 6th Abojani Economic Empowerment Conference, now just 5 days away.
Taking place on 21 November 2026 at the Radisson Blu Hotel, Upper Hill, Nairobi, under the theme “Invest Intelligently,” the conference will bring together investors, entrepreneurs, industry leaders and financial experts for one of Kenya’s biggest economic conversations.
We are proud to have the Nairobi Securities Exchange as our Anchor Investor, representing a strong vote of confidence from Kenya’s capital markets industry.
We are equally grateful to have Centum RE, HFCB, NCBA, SanlamAllianz, I&M Capital, Apollo Asset Management and CICAM on board as sponsors, alongside our partners Uzapoint, Bizna and Soko Directory.
With an exciting line-up of speakers, investors, entrepreneurs and industry leaders coming together to explore investment opportunities, wealth creation and the changing economic landscape, the countdown is officially on.
The biggest economic event is happening next Saturday. Have you secured your spot yet?
Register here: https://www.abojani.com/the-abojani-economic-empowerment-conference-2026/
Co-op Bank Q3 Profit After Tax
CEO & Co-Founder, Abojani Investment
Robert Ochieng is a visionary entrepreneur and the co-founder of Abojani Investment, a leading financial education platform in Kenya that has empowered over 20,000 Africans to embark on their investment journeys. As CEO, he has demonstrated an unwavering commitment to financial literacy, successfully demystifying money and investments and making them accessible and relevant to individuals from all walks of life.
Running Thriving Investment Communities
Robert’s influence extends well beyond Abojani Investment’s core offerings. He has actively fostered a sense of community by running investment forums and groups with a vast following of over 300,000 Africans. These communities provide a safe space for individuals to exchange ideas, share experiences, and support each other on their investment journeys.
Vision for the Future
As co-founder of Abojani Investment, Robert envisions a financially empowered Africa. He strives to expand the reach of his financial education initiatives, enabling millions more to gain the knowledge and confidence needed to achieve their financial goals. His vision is to create a society where every individual has the tools and understanding to build lasting wealth and prosperity.
Professional Background
Robert Ochieng is a highly accomplished CEO at the helm of Abojani Investment, an investment and advisory firm in Kenya. He is a seasoned professional with over 14 years of experience in IT, Finance, and leadership.
His career includes key roles at prominent institutions such as Equity Bank, Gulf African Bank, Guaranty Trust Bank (GTBank) and Airtel.
Robert’s expertise has also been sought after by the National Treasury for consultancy on planning and budgeting systems, showcasing his exceptional knowledge and skills in the field. Passionate about driving meaningful conversations and collaborations between academia, industry, and the public sector, Robert actively engages in research projects focusing on digital transformation within the financial services sector. With his visionary leadership and strategic insights, Robert Ochieng continues to make a significant impact in the business world.
