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Corporate Finance
Co-op Bank profit up 47% to Ksh.17.1 billion in Q3 results
November 17, 2022
Lawrence Baraza
0

Co-op Bank profit up 47% to Ksh.17.1 billion in Q3 results

The Co-operative Bank of Kenya profit surged by 47 percent to Ksh.17.1 billion from Ksh.11.6 billion posted same period last year. This is attributable to higher income with non-interest funded income which rose ahead of interest income at 28 per cent. The non-funded income (NFI) touched Ksh.20.1

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Co-Operative Bank of Kenya
Corporate Economy
Co-op bank reverses M-Pesa fee amid outcry by customers
March 3, 2022
Wangari Njoroge
0

Co-op bank reverses M-Pesa fee amid outcry by customers

The Co-operative Bank of Kenya revoked its decision to charge fees on M-Pesa deposits to customers’ bank accounts after an uproar by Kenyans on Twitter (KoT). Users complained about a hidden charge since the bank did not notify them about the transaction fee. The bank responded saying

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Co-Operative Bank of KenyaM-Pesa Fee
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