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Co-operative Bank of Kenya (Co-op Bank) has reported an 8.4 per cent growth in profit after tax for the first half of this year, driven by income growth. This is as the tier one lender aggressively expands its digital and physical footprints across Kenya and South Sudan.
In results released yesterday, the lender stated that its net earnings increased by Sh1.1 billion to reach Sh14.1 billion for the six months, compared to Sh13 billion in the same period last year, signalling sustained growth driven by its strategic initiatives.
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