The group’s profit growth was attributable to a cheaper cost of funds and lower loan loss provisions following improved quality of its loan book.

Co-op Bancassurance Intermediary’s pre-tax profit rose to Sh812.7 million from Sh790.8 million, supported by increased insurance penetration across the customer base.

The group’s profit growth was attributable to a cheaper cost of funds and lower loan loss provisions following improved quality of its loan book.