Co-op Bank rakes in Sh18.4b profit on interest income jump

Co-op Bank Group Chief Executive Gideon Muriuki. [File, Standard]

Tier one lender Co-operative Bank of Kenya (Co-op Bank) has posted a 7.6 per cent jump in net earnings to Sh18.4 billion for the first nine months of the year.

Co-op Bank is the first major lender to announce its earnings this week, offering investors insight into the possible strength of commercial lenders in a challenging economic climate.