Kenyan Wall Street | by Miriam Wangui
Kenya’s fourth-largest bank by assets, Cooperative bank, has issued a profit warning following a tough year that saw the bank’s expenses rise faster than its income.
In a public statement, the bank said that its “full-year earnings for the 2020 financial year are projected to be materially lower than the earning reported on for the same period in 2019.”
Cooperative bank is the latest Kenya bank to give a profit warning after KCB Group, Diamond Trust Bank, HF Group, Absa Bank, Standard…
