Co-op Bank grows net profit to Ksh.25.5B in 2024
Co-operative Bank has posted a net profit of Kshs 25.5 billion for the full year ending December 31st 2024, a 9.8% increase from Ksh.23.2 billion in 2023.
Profit before tax rose to Ksh.34.8 billion, a 7.5% growth from Ksh.32.4 billion the previous year, supported by strong income growth and cost efficiency.
Total operating income increased by 12.5 per cent to Ksh.80.6 billion, with net interest income up by 13.9 per cent to Ksh.51.5 billion. Non-interest income rose 10.1 per cent to Ksh.29.1 billion, reflecting success in diversifying revenue streams.
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