US EditionCo-op Bank delivers Q1 profit of $53.3 million under Gideon Muriuki
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Co-op Bank delivers Q1 profit of $53.3 million under Gideon Muriuki
Key PointsCo-op Bank grew Q1 net profit to $53.3 million, a 5.3% rise year-on-year, boosted by digital lending and strong interest income under its Soaring Eagle strategy.Net interest income surged 21.7% to $109.9 million, while the MCo-op Cash platform disbursed $147.8 million in digital loans, driving financial inclusion and growth.Operational efficiency improved with a reduced cost-to-income ratio of 45.5%, as total assets climbed 8.3% to $6 …
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