Co-operative Bank half-year profit hits Sh11.5b on increased revenue

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

Co-operative Bank grew its net profit by 55.4 per cent to Sh11.5 billion in the first half of this year on the back of increased income and aggressive cost management.

In the corresponding period last year, the listed lender made a profit after tax of Sh7.4 billion at a time when the economy was just recovering from the negative effects of the Covid-19 pandemic.