Cooperative Bank has released its financial statements for the period ended 30th September 2019. The net profit was reported to be Ksh 10.9 billion, a 6% jump from Ksh 10.3 billion posted in September 2018.
The company reported a total interest income of Ksh 30.4 billion. A slight decrease from Ksh 30.9 billion that was reported in the same period last year.
The company’s interest expense grew to Ksh 9.2 billion. A 1.1% increase from Ksh 9.1 billion in the previous period. The net interest income decreased to Ksh 21.2 billion from Ksh 21.7 billion in the previous period.
The total operating income increased from Ksh 32.3 billion to Ksh 35.3 billion. The bank’s earnings per share also increased from Ksh1.76 to Ksh1.86.