Earnings Report /
Kenya

Cooperative Bank: H1 21 earnings lower than sector average on weaker asset quality

  • Co-op Bank's EPS grew by just 2%, a much poorer performance compared with the sector

  • Unlike its peers, the bank's cost of risk increased as asset quality weakened

  • Non-interest revenue growth was impressive on higher trading and fee income; maintain Hold

Faith Mwangi
Faith Mwangi

Equity Research Analyst, Financials (East Africa)

Tellimer Research
25 August 2021
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