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Co-operative Bank of Kenya (COOP) Realtime Stock Quote | Nairobi Securities Exchange | myStocks

Co-operative Bank of Kenya Ltd (COOP)

  
End of day - Sep 01, 2015
18.00
-0.25 (-1.37%)
18.25
Previous
18.00   -0.25 (-1.37%)
End of day - Sep 01, 2015
18.30
High
17.30
Low
195,200
Volume
3.52M
Turnover
17.05 - 23.25
52-week Range
 
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Market Commentary

Continued investments in technology-based service delivery channels such as mobile and internet banking services has enabled banks to cut on operational costs and boost efficiency.
Coop Bank reported a 17.9% rise in net profit for the year ended December 31 2013. The bank posted a profit of KES 9.1 billion up from KES 7.7 billion the previous year.
CIC Insurance released its 2013 year end results which registered a marginal rise in profitability. Profits before tax stood at KES 1.67 billion, up 1.3% from KES 1.64 billion in 2012 due to increase in claims incurred and operating expenses.

Brief Company Profile

Market Segment: Main Investment Segment
Sector: Banking

The Co-operative Bank of Kenya Ltd is a Kenya-based company that offers banking and related services. The Company is primarily involved in corporate and retail banking, investment and asset management services in various parts of Kenya. The CompanyâÂÂs customer deposits include call, fixed, current account and savings deposits. The Company operates in two segments: Retail Banking and Wholesale Banking. Retail Banking includes loans deposits and other transactions and balances with retail customers. Wholesale Banking includes loans deposits and other transactions and balances with corporate and institutional customers. The CompanyâÂÂs subsidiaries include Co-op Consultancy & Insurance Agency Limited, Co-optrust Investment Services Limited and Kingdom Securities Limited.

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