Nairobi — Consolidated Bank Group has posted a pre-tax profit of Sh94.7 million for the nine months to September 30, 2025, marking a 177 percent rebound from a loss of Sh122.4 million recorded over the same period last year.

The lender attributed the improved performance to steady execution of its five-year strategic plan.

Acting Head of Finance and Administration Fred Ronoh said the bank is making progress across its key pillars -- balance sheet growth, revenue diversification and continued investment in customer experience -- despite a challenging operating environment.

Total assets rose 22 percent to Sh19.3 billion, up from Sh15.8 billion a year earlier, signalling a strengthening balance sheet. Customer deposits increased by 4 percent to Sh12.3 billion, while net advances dipped slightly by 2 percent to close the quarter at Sh8.3 billion.

Similarly, operating expenses edged up by 2 percent to Sh1.29 billion from Sh1.27 billion, reflecting ongoing cost containment efforts. Impairment charges on non-performing loans rose to Sh267 million from Sh211 million, following a 9 per cent increase in gross NPLs, even as the Bank intensified recoveries and strengthened risk controls.

The Bank says it is well positioned for continued growth, supported by a stronger balance sheet, investments in digital channels and a clear focus on customer needs. Shareholders remain committed to ensuring the institution is adequately capitalised to meet regulatory requirements.