Co-op Bank profit up 8pc to Sh6.6bn in first quarter

Co-operative Bank CEO Gideon Muriuki

Cooperative Bank of Kenya Group Managing Director Gideon Muriuki (left) during a past investor briefing. 

Photo credit: File | Nation Media Group

Co-operative Bank of Kenya has posted a 7.7 percent growth in net profit to Sh6.58 billion in the first three months ended March 2024 on increased income and contained operating costs.

The growth in net profit from Sh6.11 billion recorded in a similar quarter of last year came on the back of net interest income growing 8.6 percent to Sh11.7 billion.

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