Co-op Bank invests Sh305m more in South Sudan unit

Co-operative Bank of Kenya has invested an additional Sh305.5 million in its South Sudan subsidiary even as the lender reported an 18.8 per cent rise in net profit to Sh7.4 billion in the half year ended June.

The extra capital provided to Co-op Bank South Sudan, its only subsidiary in the region, brings the cumulative investment in the unit to Sh2.2 billion.