The Co-operative Bank of Kenya has posted an 18.7 per cent jump in net earnings for the six months to June on higher interest income, adding that its half-year net profit is Sh7.41 billion, compared to the Sh6.24 billion that the bank recorded during a similar period in 2015.
Co-op Bank performance jumped from 28.7 per cent to Sh21.5 billion.High percentage of its income emanated from loans and advances which grew by Sh3.2 billion to close the period at Sh16.8 billion as the bank’s loan book increased eight per cent to Sh221.3 billion.
The NSE-listed bank ended the half-year with total assets of Sh363 billion (compared to the previous Sh325.1 billion) while total liabilities grew by Sh27.6 billion to Sh305.4 billion.