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Co-op Bank shatters records with $197.1 million profit under Gideon Muriuki

Summary by Billionaires.Africa

Key PointsCo-op Bank posted a record Ksh25.5 billion ($197.13 million) profit in 2024, up 9.91%, driven by higher income and improved efficiency.Total assets surged 10.7% to Ksh743.2 billion ($5.74 billion), with customer deposits rising 12.1% to Ksh506.1 billion ($3.91 billion).Co-op Bank proposed a Ksh8.81 billion ($68.04 million) dividend payout, pending approval at its Annual General Meeting on May 16, 2025.Co-operative Bank Group (Co-op Ban…

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Billionaires.Africa

Co-op Bank shatters records with $197.1 million profit under Gideon Muriuki

13 days ago

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khusoko.com

Co-op Bank Kenya: Record KSh 34.8B Profits in 2024

The Co-operative Bank of Kenya reported its highest-ever profit, closing the 2024 financial year with KSh 34.8 billion, a 7.5% increase from the KSh 32.4 billion recorded in 2023. After-tax, this translates to a profit of KSh 25.5 billion in 2024, compared to KSh 23.2 billion in 2023, representing a 9.8% growth. Group Managing Director [...] The post Co-op Bank Kenya: Record KSh 34.8B Profits in 2024 appeared first on Khusoko - East African Mark…

14 days ago

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