Co-op Bank returns Sh11b in nine monthsCoop Bank Managing Director Gideon Muriuki. Co-operative Bank of Kenya (Co-op Bank) has reported net profit of Sh10.9 billion for the nine months to September.The profit was driven by growth in non-funded income, cost control and a strong focus on small and medium enterprises. This was a six per cent growth on the Sh10.3 billion recorded in a corresponding period last year. Co-op Bank last year started courting small and medium enterprises and has since then advanced Sh5.4 billion and targets to increase this to Sh15.2 billion. Coop Bank has also been mentoring some of the SMEs in managing their businesses.

Source: Standard Digital November 14, 2019 21:00 UTC