Cooperative Bank #ticker:COOP has reported an 11.6 percent rise in net profit to Sh12.7 billion for the year ended December 2018 on higher interest income and a cut in loan loss provisions.
The top-tier lender cut its loan loss provision by half to Sh1.84 billion even as non-performing loans rose by 56.7 per cent or Sh10.6 billion to Sh29.4 billion.
