Co-op wealth management assets hit Sh218bn

Co-operative bank along Moi Avenue in Nairobi.

Photo credit: File | Lucy Wanjiru | Nation Media Group

Co-operative Bank of Kenya’s wealth management subsidiary grew its assets under management by 11.15 percent to a new record of Sh218.38 billion in the year ended December, a move that resulted in a substantial increase in fee income.

The subsidiary, Co-op Trust Investment Services Limited, had managed assets of Sh196.47 billion in the prior year.

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