Earnings Report /
Kenya

Cooperative Bank: Reiterate Hold, despite strong 9M 21 revenue performance

  • Co-op Bank diverges from industry trend with margin stability and an increase in loan loss provision charges

  • Asset quality and efficiency concerns remain despite some improvement

  • We reiterate our Hold recommendation

Faith Mwangi
Faith Mwangi

Equity Research Analyst, Financials (East Africa)

Tellimer Research
18 November 2021
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