Co-operative Bank half-year net profit up 19pc to Sh7.41 billion

Co-operative Bank of Kenya Group CEO Gideon Muriuki. [PHOTO: DAVID NJAAGA/STANDARD]

Co-operative Bank of Kenya net profit for six months to June 30, 2016 has increased by 19 per cent to Sh7.41 billion premised on increased interest income during the period.

During the period, total interest income grew by 29 per cent from Sh16.7 billion to Sh21.5 billion. This pushed up operating income by Sh3.6 billion. However, interest income still formed the biggest chunk of the bank’s income (67.8 per cent).