Co-op bank shares set for further gains on strong profit growth, lower rates

Co-operative Bank headquarters in Nairobi. [David Njaaga, Standard]

Tier one lender Co-operative Bank of Kenya (Co-op Bank) shares could rise nearly a quarter over the next 12 months, analysts said, as a low-interest-rate environment and a turnaround in its South Sudan unit bolster earnings momentum after the lender posted a record 16.9 per cent jump in full-year net profit.