Home Business Co-op loses Sh1.3bn on Covid relief measures

Co-op loses Sh1.3bn on Covid relief measures

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Business Daily | by Victor Juma


Emergency financial relief measures brought by the Covid-19 pandemic saw Co-op Bank lose Sh1.3 billion worth of income in the year ended December.

The lender discloses in its latest annual report that the lost income – equivalent to 12.5 percent of its Sh10.8 billion net profit in the review period – came in the form of fee waivers on…

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