Co-op Bank reclaims third position in asset rankings

COOPBank

Co-operative Bank branch along Haile Selassie Avenue, Nairobi. FILE PHOTO | NMG 

Co-operative Bank of Kenya #ticker:COOP reclaimed its position as the country’s third-largest lender by assets in the year ended December when it also declared the biggest dividend payout in the industry of Sh5.8 billion.

The lender closed the period with total Sh536.9 billion assets, placing it third after Equity Group’s #ticker:EQTY Sh1 trillion and KCB Group #ticker:KCB (Sh987.8 billion).

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