Business

Co-op Bank reports Ksh35.9 billion profit before tax, dividend up 50%

The bank's board has approved an interim dividend increase to Ksh1.50 per share, according to Kenyans.co.ke.

Kijiji News Desk
Skyline of Nairobi city as seen from Uhuru Park
Illustrative image, not from this event. DesiBoy101 / Wikimedia Commons (CC BY 4.0) · Source

Co-operative Bank has posted a profit before tax of Ksh35.9 billion, according to Kenyans.co.ke.

The bank's board of directors has approved an interim dividend of Ksh1.50 per share, representing a 50 per cent increase, according to CEO Muriuki as reported by the publisher.

The financial results mark a positive performance for the Kenyan lender, according to the report.

Source: Kenyans.co.ke

Sources

Share on WhatsAppReport a correction