State borrowing lifts Coop profit to Sh10 billion

Coop Bank Managing Director Gideon Muriuki.

Cooperative Bank of Kenya has posted an eight per cent growth in profit after tax after aggressive lending to the Government for the year ending September 2018.

The lender’s net profit was Sh10.31 billion, compared to Sh9.54 billion in the previous year. The lender continued to contain costs.