Co-op Bank declares first interim dividend as net profit hits Sh22bn

Cooperative Bank of Kenya CEO Gideon Muriuki.

Photo credit: File | Nation Media Group

Co-operative Bank of Kenya shareholders are set to receive their first-ever interim dividend of Sh1 per share, following the lender’s net profit for the nine months ended September, which rose 12.3 percent to Sh21.56 billion.

The growth in net earnings, up from Sh19.21 billion a year earlier, was driven by an increase in net interest income.

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