COOP | Co-operative Bank of Kenya HY'24 Earnings Note

    Co-operative Bank of Kenya trailed a volatile macroeconomic environment over the first half of 2024 to exceed in-house expectations – posting an improved trailing earnings per share to KES 4.10/=.

    Net earnings expanded modestly by 7.0% y/y to KES 12.99Bn softened by a steeper rise in operating expenses compared to operating incomes.

    Recommendation - We maintain our BUY recommendation on Co-operative Bank on account of its rising performance prospects.

     

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    AIB-AXYS Africa
    AIB-AXYS Africa Ltd is the fusion of two established companies; AIB Capital Limited and Apex Africa Capital Limited, both with over 25 years of experience in the Securities market. With the solid reputation and experience of the professional teams, we leverage talent and networks to better service businesses and investors looking to capitalize on the African growth story, and its vibrant financial sector.
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