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Co-operative Bank records Sh10.44 billion profit in half-year 2019

Co-operative Bank Group CEO Gideon Muriuki.

The Co-operative Bank Group has reported a pre-tax profit of Sh10.44 billion for the first half of 2019 compared to Sh9.98 billion recorded in a similar period in 2018. A growth of 5 per cent against the backdrop of a challenging economic environment in the period. Profit after tax was Sh7.5 Billion compared to Sh7.1 Billion in the previous year.

The Group continues to leverage on the benefits of the “Soaring Eagle” Transformation Agenda that has re-tooled and equipped the business with added competitive edge as reflected in the sustained growth in market share across all market segments and Counties, which has progressively deepened their Financial Inclusion model rooted in the over 15 million-member co-operative movement, that is the face of Kenya.

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