Home Business Co-op Bank profit rises 18.9pc to Sh12bn

Co-op Bank profit rises 18.9pc to Sh12bn

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Business Daily | by Victor Juma


Co-operative Bank posted an 18.9 percent net profit increase in the nine months to September on higher interest and non-interest income. The bank’s net income in the review period stood at Sh11.6 billion, up from Sh9.7 billion a year earlier.

Total interest income rose 21.5 percent to Sh39.5 billion as the lender expanded its loan book and investment in government debt paper…

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