Co-op Bank profits up 9 pct in 2013
19 March 2014, 11:40
Nairobi - Co-operative Bank of Kenya reported on Wednesday a 9 percent rise in pretax profit for 2013 to 10.87 billion Kenyan shillings, saying it had widened its income base with more customer accounts and new branches.
The lender, which serves co-operatives in the east African nation and individuals, said its net interest income increased by 19 percent to 18.6 billion shillings. The bank began operations in South Sudan in September last year.