x News The Standard Digital KTN Prime KTN Morning Express KTN Leo Leo Mashinani The Big Story Checkpoint News Center E-Paper Lifestyle & Entertainment Nairobian Entertainment Eve Woman Travelog TV Stations KTN Home KTN News BTV KTN Farmers TV Radio Stations Radio Maisha Spice FM Vybez Radio Enterprise VAS Tutorsoma Digger Classified The Standard Group Corporate Contact Us Rate Card Vacancies DCX O.M Portal Corporate Email RMS

Co-op Bank loses 3rd position of most profitable bank after posting low profits

18, Mar 2015

The co-operative bank has lost its place as the country’s third most profitable bank, after posting a 12% reduction in its full year profits to 8 billion shillings, compared to 9.1 billion shillings in 2013. The bank attributed the reduction to the one off retrenchment cost of 1.34 billion shillings incurred last year when the firm laid off more than 160 senior managers.