Co-operative Bank Records Ksh 10.44 Billion Shillings in Half-Year Results

By Denis Muritu The Co-operative Bank of Kenya has registered a profit before tax of 10.44 billion shillings for the first half of 2019 in the financial results released by the lender on Thursday. The 10.44 billion shillings in pretax profits for H1 of 2019 is an increase from 9.98 billion shillings recorded at the same time in 2018. The pretax profits grew by 5 percent despite the prevailing challenges in Kenya’s economy including the persistence of the Interest Capping Rate. Profits after tax came in at 7.5 billion shillings,…