Business Daily·3 min read·medium
Consolidated Bank’s profits up 14-fold on cheap deposits
G
George Ngigi
✦AI Summary
Consolidated Bank of Kenya reported a 14-fold increase in net profit for the first half of 2026, reaching Sh174.8 million. The growth was driven by lower interest expenses following an influx of cheap deposits from government institutions.
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.
businesseconomy
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