Kenyan Wall Street | by Jackson Okoth
Co-operative Bank of Kenya recorded a net profit of KSh 10.8 Billion at the end of the financial year ended 31st December 2020. This is compared to a KSh 14.3 Billion net earnings over a similar period in 2019, a 25% fall.
The lender’s provisions for bad loans increased significantly to KSh 8.1 Billion from KSh 2.5 Billion in 2019. The Group’s balance sheet size grew to KSh 536.9 Billion in 2020 compared to KSh 457 Billion the previous year.
Net loans to customers grew to KSh 286.6 Billion from…
