Co-op maintains dividend as profit up 53pc

Co-operative Bank branch along Haile Selassie Avenue, Nairobi. FILE PHOTO | NMG

Co-op Bank #ticker:COOP grew its net income 53 percent in the year ended December, helped by higher interest income from lending and investment in government fixed-income securities.

The lender’s net profit in the review period stood at Sh16.5 billion, up from Sh10.8 billion a year earlier.

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