Treasury’s borrowing lifts Co-op Bank profit

Co-op Bank Managing Director Gideon Muriuki.

Cooperative Bank registered a net profit of Sh3.6 billion in the first three months of 2019, as income from Government securities continued to shore up the bank’s profitability.

This was a six per cent increase from a profit after tax of Sh3.4 billion that the lender made in the same period in 2018.