Co-op Bank H1 net profit hits Sh7.5bn

Co-operative Bank group managing director Gideon Muriuki. FILE PHOTO | NMG

Co-operative Bank’s #ticker:COOP net profit for the first six months of 2019 has grown 4.6 per cent to Sh7.5 billion, majorly supported by growth in non-interest income.

Total non-interest income, mainly from fees and commissions on loans and advances, increased by 25 per cent from Sh7 billion to Sh8.8 billion while interest income grew marginally to Sh20.45 billion from Sh20.2 billion.

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