Co-op Bank grew its net income 68.8 percent in the first quarter ended March on a surge in non-interest income. The lender made a net profit of Sh5.8 billion in the review period, up from Sh3.4 billion the year before.
Non-interest income, including fees and commissions, rose 41.6 percent to Sh6.4 billion. Total interest income increased 4.1 percent to Sh14 billion, mainly due to higher income from investment in government fixed-income securities.
