Co-op Bank half-year net profit rises to Sh13bn on higher income

Co-op Bank

Cooperative bank along Parliament Road Nairobi on June 24, 2024.

Photo credit: Dennis Onsongo | Nation

Co-operative Bank of Kenya has posted a seven percent growth in net profit to Sh12.99 billion in the half year ended June 2024 on increased interest and non-interest income.

The lender’s net earnings grew from Sh12.14 billion posted in a similar period last year. This was on the back of net interest income growing by 10.7 percent to Sh23.9 billion and non-interest income rising by 11.2 percent to hit Sh15.4 billion.

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