Co-op Bank
Co-op Bank

The Co-operative Bank of Kenya has announced a 12.5 percent growth in profit after tax for the first three months of 2020 to Ksh.3.6 billion.

The reported growth from Ksh.3.2 billion last year is largely attributable to growth in non-interest funded income include fees and commissions on loans and forex trading income.

The bank’s non-interest funded income rose by 19 percent to Ksh.5 billion while net interest income increased by 8.5 percent in the period to Ksh.7.5 billion.

Higher provisions on expected loan losses and staff expenses however saw the bank’s operating expenses swell by 20.6 percent in the period to Ksh.7.3 billion.

ALSO READ  5 Things You should Never Forget to Carry in an Interview

Co-op’s balance sheet remained on an expansion curve as loans and deposits grew by 9.8 and 6.9 percent respectively to Ksh.276.2 billion and Ksh.339.6 billion.

The bank reported the restructure of Ksh.15 billion worth of customer loans as cushion against the Covid-19 pandemic in line with the banking industry guidelines by the Central Bank of Kenya (CBK).

The bank like its peers continued to note risks presented by the global health emergency even as it lauded its resilience represented in the quarterly financial performance.

ALSO READ  9 Online jobs for college students to make money online

“The Group notes the strong performance in the first quarter of this year , and continues to pay close attention to the enormous challenge posed by the pandemic with a view to sustaining full and uninterrupted business operations in the days ahead,” said Co-op Managing Director Gideon Muriuki. 


  1. If you would like to increase your familiarity just keep visiting this web site
    and be updated with the hottest gossip posted here.

  2. magnificent issues altogether, you just won a new reader.
    What may you recommend about your submit that you made a few days ago?
    Any positive?

  3. I am not sure where you’re getting your information, but
    good topic. I needs to spend some time learning more or understanding
    more. Thanks for fantastic information I was looking
    for this info for my mission.

  4. Useful info. Fortunate me I discovered your website by accident, and
    I am stunned why this twist of fate did not came about earlier!
    I bookmarked it.

  5. It’s really a great and useful piece of information. I am satisfied that you
    shared this useful information with us. Please stay us informed like
    this. Thanks for sharing.

  6. Write more, thats all I have to say. Literally, it seems as though you relied on the video to make your point.
    You definitely know what youre talking about, why waste your intelligence on just posting videos to your weblog when you could be giving us something enlightening to read?

  7. Does your site have a contact page? I’m having a tough time locating it but, I’d like to shoot
    you an e-mail. I’ve got some ideas for your blog you might be interested in hearing.
    Either way, great blog and I look forward to seeing it grow over

  8. Very nice post. I just stumbled upon your blog and wanted to say
    that I have really enjoyed browsing your blog posts.
    After all I’ll be subscribing to your feed and I hope you write again very soon!

  9. First off I want to say fantastic blog! I had a quick question in which I’d like to ask if you do not
    mind. I was curious to find out how you center yourself and
    clear your head prior to writing. I have had a difficult time clearing
    my mind in getting my ideas out there. I truly do take pleasure in writing but
    it just seems like the first 10 to 15 minutes are generally
    lost just trying to figure out how to begin. Any ideas or hints?
    Appreciate it!

  10. With havin so much written content do you ever run into any
    issues of plagorism or copyright violation? My blog has a lot of
    completely unique content I’ve either authored myself or outsourced but it seems a lot of it is
    popping it up all over the web without my agreement.

    Do you know any techniques to help protect against content from
    being ripped off? I’d definitely appreciate it.

  11. Hi! I’ve been following your blog for some time now and
    finally got the courage to go ahead and give you a shout out from Dallas Texas!

    Just wanted to say keep up the fantastic job!


Please enter your comment!
Please enter your name here