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Cooperative Bank profit before tax rises to Sh4.9b

By Standard Reporter | May. 24, 2018

NAIROBI, KENYA; Cooperative Bank of Kenya has recorded 9 percent growth in its pre-tax profit in the first quarter of 2018.

The bank’s Profit before tax rose to Sh4.9 billion in the period under review compared to Sh4.5 billion recorded in 2017. The bank attributes the growth to its “Soaring Eagle” transformation project that it has been implementing since 2014 with a clear focus on improvement in operating efficiencies, sales force effectiveness and innovative customer delivery platforms.

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