Co-operative Bank's 9-month pre-tax profit rises 34%
05 November 2015, 18:45
Nairobi - Co-operative Bank of Kenya reported a 34 percent rise in pre-tax profit for the first nine months of 2015, boosted by cost cutting that helped improve its cost-to-income ratio.
Pretax profit for the period was 12.2 billion shillings
($119.7 million) compared with 9.1 billion shillings a year
earlier, Chief Executive Gideon Muriuki told an investor
briefing on Thursday.
Full-year 2015 pretax profit is expected to be 28 to 35
percent higher than 2014, he said.
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