Co-op Bank profit rises to Sh10.9bn on non-interest cash

Co-operative Bank Group CEO Gideon Muriuki. FILE PHOTO | NMG

Co-operative Bank’s #ticker:COOP net profit for the first nine months of 2019 has grown 5.5 percent to Sh10.9 billion, majorly lifted by strong growth in non-interest income.

Total non-interest income, mainly from fees and commissions on loans and advances, rose by 33.3 percent from Sh10.5 billion to Sh14.1 billion, keeping it in growth momentum with its peers KCB and Equity.

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