Coop Bank has reported a remarkable 2.91 billion shillings before tax
profit for the year ending June 2010.
This represents a 50 percent increase compared to 2009 1.94 billion
shillings for the same period.
Total assets by 44 percent to 134 billion shillings compared to 93
billion shillings for the same period in 2009.
The huge jump in pretax profit has been attributed to increase in
customer deposits which increased by 48.6 percent to 110 billion
shillings compared to 74 billion shillings in 2009.
Coop Bank is currently embarking on an expansion plan that will see
the bank enter the lucrative Southern Sudan market.
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