Coop Bank first quarter profit up on double-digit customer loan growth
A double digit loan growth to the private sector has handed Cooperative Bank a five percent jump in net profits to Kes6.1 billion in the three months to March this year up from Kes5.8 billion in a similar period last year. Coop Bank saw customer loans jump 11 percent to Kes360.1 billion up from a growth of 8 percent in a similar period last year. Increased private sector loans saw the bank earn Kes10 billion in interest income up from Kes8.9 billion last year. The lender also made extra money from fees and commission on loans of Kes3.3 billion up from Kes2.5 billion in the…
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