Co-operative Bank of Kenya’s #ticker:COOP net profit for the nine months to September dipped by Sh1 billion to Sh9.54 billion on lower interest income, a consequence of the rate capping regime and slowed economic activity.
The tier one lender’s 9.5 per cent drop in after-tax income mainly resulted from a 7.7 per cent decrease in total interest income to Sh29.85 billion compared to Sh32.34 billion posted during a similar period last year.
