Co-op Bank grows profit 5pc to Sh6.9bn in first quarter

Co-operative Bank CEO Gideon Muriuki. 

Photo credit: File | Nation Media Group

Co-operative Bank of Kenya has posted a 5.3 percent growth in net profit to Sh6.9 billion in the first quarter ended March as a faster rise in interest income reduced the impact of the jump in operating costs.

The growth in net profit from Sh6.6 billion recorded in a similar quarter last year came on the back of net interest income growing 21.7 percent to Sh14.2 billion.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.