Co-op Bank Q3 profit rises to Sh18 billion

Co-operative bank along Moi Avenue in Nairobi.

Photo credit: File | Lucy Wanjiru | Nation Media Group

Co-operative Bank of Kenya posted a 7.5 percent profit growth to Sh18.4 billion in the nine months ended September, driven by higher interest income from loans.

The net earnings grew from Sh17 billion a year earlier. Co-op Bank’s total interest income increased 12.8 percent to Sh49.3 billion as the lender increased its lending to ordinary customers and the government via purchase of treasuries.

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