Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya
The Leading Newspaper for Co-operative Movement in Kenya
Co-operative Bank of Kenya’s (Co-op Bank) net profit grew 7 per cent to Ksh12.99 billion for the half-year ending June 2024, driven by higher interest and non-interest income. The lender’s net earnings increased from Ksh12.14 billion reported during the same period last year. This growth was driven by a 10.7 per cent rise in net…
Co-op Bank has released its financial report for the first quarter of this year. The report showed that the bank had a profit after tax growth of 7.7 per cent to KSh6.58 billion which is an increase of KSh470 million from KSh6.11 billion posted during last year’s first quarter. The bank also reported a profit…
By Felix Wanderi Co-operative Bank board of directors has recommended a dividend of Ksh 1.50 per share, subject to approval by the regulators and shareholders. Co-op Bank Group CEO Gideon Muriuki said the proposed dividends represent a 50 per cent increase on the Ksh 1.00 per share paid out last year. He added that the bank will pay out a…
By Sammy Chivanga Savings and Credit Cooperative Societies (SACCOs) will get a Sh3.79 billion dividend cheque from Cooperative Bank of Kenya, giving them a major liquidity boost in Covid-19 environment. The pay-out, set for mid-April, comes after Co-op Bank board defied the prevailing dividend freezes and cuts in corporate Kenya to declare Sh5.86 billion dividend…
