Kenya: Co-operative Bank says first quarter pretax profit jumps 30 percent

The Co-operative Bank of Kenya reported on Wednesday a 30 percent jump in first quarter pretax profit to 4.50 billion shillings ($48 million), helped by a rise in interest income.

The bank, which serves individuals and co-operatives in East Africa's biggest economy, said net interest income rose by a fifth to 5.85 billion shillings in the period to end-March.