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12 Pages«<101112
Coop Bank 2019 and beyond
mlennyma
#221 Posted : Wednesday, November 17, 2021 9:59:48 PM
Rank: Elder


Joined: 7/21/2010
Posts: 6,135
Location: nairobi
Ericsson wrote:
Q3 results to be released on 18 November 2021


the trend is interim at Q3,come on Co-op
"Don't let the fear of losing be greater than the excitement of winning."
Ericsson
#222 Posted : Thursday, November 18, 2021 9:39:02 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,306
Location: NAIROBI
Ericsson wrote:
Q3 results to be released on 18 November 2021


Profit before tax ksh.16.4bn
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#223 Posted : Thursday, November 18, 2021 9:41:22 AM
Rank: Elder


Joined: 12/4/2009
Posts: 10,306
Location: NAIROBI
Ericsson wrote:
Coop 2021 PBT Ksh. bn
Q1--4.98
Q2--5.54

Q3--5.95
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#224 Posted : Thursday, January 20, 2022 2:09:09 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,306
Location: NAIROBI
https://www.businessdail...ven-new-branches-3687592

Co-operative Bank of Kenya is set to open seven new branches in the country this year, expanding its physical presence in areas it sees opportunities to grow its customer base.

The ongoing expansion will raise the bank’s total branches to 200, bucking the trend of maintaining or reducing brick-and-mortar outlets seen among the other big banks.

Co-op Bank said it will open new branches at Kamakis on Nairobi’s Eastern Bypass, Kabarnet, Iten, Moyale and Mwiki/Kasarani. Others are at Bunge, the new Parliament Tower in Nairobi, and Kamulu in Nairobi’s Eastlands.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#225 Posted : Tuesday, March 15, 2022 6:44:40 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,306
Location: NAIROBI
FY2021 results to be released on Thursday 17 March 2022
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#226 Posted : Thursday, March 17, 2022 1:23:53 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,306
Location: NAIROBI
Ericsson wrote:
FY2021 results to be released on Thursday 17 March 2022


- Total Assets +7.9% to 579.7B
- Loan Book +8.2% to 310.1B
- Customer Deposits +7.6% to 407.7B
- Total Interest Income +13.9% to 55.6B
-Net interest income went up by 12.9 percent to Kes.41 billion from Kes36.3 billion
-Non-interest funded income surged by 10.9 percent to Kes.19.4 billion from Kes17.5 billion.
-Costs have fallen by 3.3 percent to Kes.38.1 billion, including 2.5 percent dip in loan-loss provisions that closed at Kes7.9 billion from Kes8.1 billion in 2020.
The fall in provisions comes as the bank's gross NPLs eased by 15.9 percent to Kes49.7 billion from Ksh.59.1 billion by December 2020
- PBT +54.8% to 22.6B
- PAT +53% to 16.5B
- EPS 2.85 [2020: 1.98]
- DPS 1.00 [2020: 1.00]
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#227 Posted : Monday, March 21, 2022 7:44:23 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,306
Location: NAIROBI
Ericsson wrote:
Ericsson wrote:
Coop 2021 PBT Ksh. bn
Q1--4.98
Q2--5.54

Q3--5.95

Q4--5.79
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
Ericsson
#228 Posted : Wednesday, April 13, 2022 10:47:15 PM
Rank: Elder


Joined: 12/4/2009
Posts: 10,306
Location: NAIROBI
Co-op Bank gets Sh550m loan to fund mortgages

The Co-operative Bank took a loan of Sh549.8 million from the Kenya Mortgage Refinance Company (KMRC) last year for onward lending to home buyers, disclosures by the lender’s majority shareholder show.
The KMRC is lending the money to the bank at an interest rate of five percent per annum, which will allow the institution to on-lend the same at single-digit rates to mortgage customers earning less than Sh150,000 per month.
The lender accounted for five percent of Kenya’s total outstanding mortgage loans as of the end of 2020, the latest Central Bank of Kenya (CBK) data shows. This amounted to 1,285 mortgage accounts, with loans worth Sh11.9 billion.

Co-op Bank’s subsidiary Kingdom Bank had also issued mortgages worth Sh1.19 billion at the end of the period, from 203 accounts.

There were a total of 26,971 mortgage loans in issue in Kenya by 2020, worth Sh232.7 billion.

The average home loan size stood at Sh8.6 million, with an average rate of 10.9 percent on the loans and a time to maturity of 11 years.
Wealth is built through a relatively simple equation
Wealth=Income + Investments - Lifestyle
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