Co-operative Bank of Kenya (NAI:COOP) Tax Rate % : 29.93% (As of Jun. 2024)

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What is Co-operative Bank of Kenya Tax Rate %?

Tax Rate % is calculated as Tax Expense divided by its Pre-Tax Income. Co-operative Bank of Kenya's Tax Expense for the three months ended in Jun. 2024 was KES2,738 Mil. Co-operative Bank of Kenya's Pre-Tax Income for the three months ended in Jun. 2024 was KES9,149 Mil. Therefore, Co-operative Bank of Kenya's Tax Rate % for the quarter that ended in Jun. 2024 was 29.93%.

Co-operative Bank of Kenya Tax Rate % Historical Data

The historical data trend for Co-operative Bank of Kenya's Tax Rate % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Co-operative Bank of Kenya Tax Rate % Chart

Co-operative Bank of Kenya Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Tax Rate %

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30.88

24.29

26.95

25.11

28.35

Co-operative Bank of Kenya Quarterly Data
	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24	Jun24
Tax Rate %	Get a 7-Day Free Trial															26.98	24.49	37.54	26.99	29.93

Co-operative Bank of Kenya Tax Rate % Calculation

Tax Rate % is the ratio of tax expense divided by pretax income, usually presented in percent.

Co-operative Bank of Kenya's Tax Rate % for the fiscal year that ended in Dec. 2023 is calculated as

Tax Rate %	=	Tax Expense (A: Dec. 2023 )	/	Pre-Tax Income (A: Dec. 2023 )
	=	9175.483	/	32363.848
	=	28.35 %

Co-operative Bank of Kenya's Tax Rate % for the quarter that ended in Jun. 2024 is calculated as

Tax Rate %	=	Tax Expense (Q: Jun. 2024 )	/	Pre-Tax Income (Q: Jun. 2024 )
	=	2738.479	/	9149.057
	=	29.93 %

Co-operative Bank of Kenya Tax Rate % Related Terms

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Co-operative Bank of Kenya Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Co-operative Bank of Kenya Ltd (NAI:COOP) » Definitions » Tax Rate %

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Address

Haile Selassie Avenue, Co-operative Bank House, P.O. Box 48231, L.R. No. 209/4290 (IR No. 27596), Nairobi, KEN, 00100

Website

https://www.co-opbank.co.ke

Co-operative Bank of Kenya Ltd is engaged in corporate banking, retail banking, investment and asset management services in Kenya. The Bank is organized into two main operating segments based on products and services as, Retail Banking which includes loans deposits and other transactions and balances with retail customers, and Wholesale Banking which includes loans deposits and other transactions and balances with corporate and institutional customers. It generates the majority of its revenue from Retail Banking. The group's operations are within the two geographical segments of Kenya and South Sudan.