--Profit before tax declined by 10% to Sh9.3 billion for half-year 2017,compared to Sh10.4b recorded same period last year.
--Net Profit at Sh6.6 billion from Sh7.4 billion recorded same period 2016.
--Total interest income went down from Sh21.47 billion to Sh19.26 billion with interest on loans and advances declining by 9 percent despite a 14.2 percent increase in net loans and advances.
--Customer deposits grew 3 percent to Sh287.2 billion compared to Sh279.6 billion in the same period last year
--Shareholders’ funds grew from Sh57.9 billion to Sh64.5 billion, a growth of 11.3 percent.

--Total assets hit 383.3 billion compared to Sh363 Billion in the same period last year as expenses dropped by 17 percent.

--Foreign exchange income increased by 28.2 percent to Sh1.24 billion.

--Co-operative Bank of South Sudan, a unique Joint Venture (JV) partnership with Government of South Sudan (Co-op Bank 51 percent and GOSS 49 percent) made a marginal loss of Sh60,000 in the period under review owing to hyperinflation occasioned by the devaluation of the South Sudanese currency.

The bank’s board did not recommend an interim dividend.

https://www.co-opbank.co...ns-and-financial-results

The decline in Profits was due to harsh economic environment brought about by;
--Slow down in the economy
--Capping of interest rates
--Currency devaluation and hyperinflation in South Sudan

Ding http://live.mystocks.co.ke/m/stock=COOP

Careful. Be very careful http://live.mystocks.co.ke/m/stock=COOP

Not really http://live.mystocks.co.ke/m/stock=COOP

It's possible..

Firmly back to 17+++

http://www.businessdaily...6382-151kjf4/index.html

Cooperative Bank of Kenya has overtaken Equity Bank to hold the second largest gross loan book in the banking sector as at the end of 2016, reflecting the latter’s shift to government securities following the rate cap.

The Central Bank of Kenya (CBK) 2016 banking supervision annual report shows that Co-op Bank had issued gross loans of Sh241.4 billion last year, ahead of Equity’s Sh221.03 billion.

I don't think he is being less aggressive as much as "prudent" i.e. why not earn easy (default-free) returns from GoK instead of the drama of lending?
If and when the spreads are sufficiently widened, then Equity can jump back in through its mobile platforms.

This maybe a strategy to create a new slate. My guess is they may have done their IFRS 9 expected credit loss projections on certain portfolios and impairments required may be huge due to historical loss trends. So the strategy is to shrink those portfolios and reduce required impairments in 2018 and then slowly rebuild a cleaner book with better loan underwriting.