Co-operative Bank profit hits Sh5.8 billion on revenue growth

Co-op Bank Group MD and CEO Gideon Muriuki during the previous AGM. [File, Standard]

The Co-operative Bank of Kenya has reported a net profit of Sh5.8 billion in the first three months of 2022, buoyed by non-interest income and cost management.

This was a growth of 65.7 per cent from a profit after tax of Sh3.5 billion in the first quarter of 2021. It means that shareholders of the listed lender get Sh24 return for every Sh100 that they have invested into the company.