T
Originally published by The Standard Business
📰 Read Full Article
August 12, 2026
3h ago

Co-op Bank records Sh18b half-year profit on subsidiaries growth

Co-op Bank records Sh18b half-year profit on subsidiaries growth

Co-operative Bank of Kenya has posted a 28 per cent surge in half-year net profit, marking its strongest-ever first-half performance...

✨ Key Highlights

Co-operative Bank of Kenya has announced a record-breaking 28 per cent surge in its half-year net profit, reaching Sh18 billion. This strong performance was primarily driven by significant growth in its subsidiary revenues and an improved loan book, allowing the bank to navigate challenging economic conditions.

  • Co-operative Bank of Kenya posted a net profit of Sh18 billion for the six months ending June 30.
  • The bank's impressive results were attributed to the growth of its subsidiaries, including Kingdom Bank and Co-optrust Investment Services.
  • Group Managing Director and CEO Gideon Muriuki highlighted the success of the bank's "Good to Great Strategy" and "Soaring Eagle" Transformation Agenda.

Continue Reading

Read the complete article from The Standard Business

📰 Read Full Article
Advertisement
Advertisement