CO-OP Bank Profits

Co-operative bank of Kenya has posted a 50% increase in its half year pre-tax profit, the highest to be reported in the local banking industry following a rapid increase in its customer base.The bank which plans to open its first regional branch in Southern Sudan by the end of the year posted a pre-tax profit of 2.94 billion shillings riding on increased transaction and interest incomes. Denis Otieno reports.