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Co-op Bank records Sh18b half-year profit on subsidiaries growth
Co-operative Bank of Kenya has posted a 28 per cent surge in half-year net profit, marking its strongest-ever first-half performance.
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businessdailyafrica.com
Co-op Bank half-year net profit up 28pc to Sh18bn on higher income
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.
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KCB raises interim dividend as profit hits Sh36bn in first-half
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.
