Kenyan tycoon Gideon Muriuki set for $2.3 million Co-op Bank Kenya dividend

Kenyan tycoon Gideon Muriuki, known for his diverse investment portfolio, is set for a $2.3 million payday after Co-op Bank of Kenya declared an interim dividend of over $113 million on the back of stronger earnings and customer growth.

Coop Bank Kenya raises dividend
Co-op Bank Kenya, based in Nairobi, announced a dividend of Ksh14.67 billion ($113.21 million) for the full year ended Dec. 30, 2025, a 67% increase from the prior year’s figure. The payout will come from the bank’s retained earnings, which rose by Ksh15.1 billion ($116.5 million), as shareholders’ funds reached Ksh165.5 billion ($1.28 billion). 

Shareholders are set to receive Ksh2.5 ($0.01) per share (i.e., a final dividend of Ksh1.5 per share and an interim dividend of Ksh1 ($0.01) per share) on May 19, 2026. The 15-million-member co-operative movement is expected to receive about Ksh9.47 billion ($73.44 million) of the total payout.

Muriuki holds a 2% stake in the bank, equivalent to 117.53 million shares, cementing his place as one of Kenya’s wealthiest investors. His holding will earn him Ksh293.82 million ($2.28 million), up from less than $1.4 million that he received from last year’s dividend. Muriuki, who is also CIC’s largest individual shareholder, holds a 6% stake (158,046,904 shares).

Co-op Bank Kenya profit jumps 16.9% to $230 million
Co-op Bank reported a 16.9% rise in profit after tax to Ksh29.75 billion ($229.57 million), up from  Ksh25.46 billion ($196.46 million) a year earlier. 

Total operating income rose 13.93% to Ksh91.89 billion ($708.98 million), up from Ksh80.65 billion ($622.26 million), driven by robust expansion in core earnings. Net interest income surged 21.99% to Ksh62.85 billion ($484.92 million), supported by increased lending activity, while overall income growth reflected sustained momentum across key business lines.

Total assets rose 11.3% to Ksh827.4 billion ($6.38 billion), underpinned by customer deposits of Ksh576.5 billion ($4.45 billion) and loans advancing 12.6% to Ksh421 billion ($3.25 billion). Co-op Bank also continued to widen its physical footprint.