Co-operative Bank of Kenya has posted a 5.2 percent growth in net profit to Sh23.2 billion in the financial year ended December 2023 on increased income and reduced operating costs. The net profit grew from Sh22 billion posted in a similar period last year. The board has, on the backContinue Reading
Isuzu East Africa, CIC Group and Co-op Bank have entered into a partnership to provide businesses with a one stop shop for transportation, insurance and financial solution. The partnership guarantees business owners reliable motor vehicles, insurance and purchase finance. Senior executives from the three institutions led by Rita Kavashe, ManagingContinue Reading
Co-operative Bank of Kenya will open 15 new branches this year, continuing with the expansion of its physical outlets across the country despite the rising preference for digital services. William Ndumia, the director of retail and business banking, said many of the branches lined up are at various stages asContinue Reading
The Co-operative Bank of Kenya has emerged as the leader in providing the best customer experience, surpassing its counterparts in the latest ranking by the Kenya Bankers Association (KBA). The bank secured the coveted No. 1 position in the Tier one category and was honored with the prestigious Best OverallContinue Reading
The bank in partnership with International Finance Corporation (IFC) has in the last three years been conducting research work to clearly understand the micro, small and medium enterprises (MSMEs). Consequently, the bank developed new solutions that not only meet their needs but also help them align with the existing andContinue Reading
The Co-operative Bank on this month of February landed a lucrative Ksh 100 billion deal as the custodian for contributions of pension funds. The latter was awarded by the Public Service Superannuation Scheme (PSSS), the deal will allow the bank to hold funds collected in pension schemes from over 350,000Continue Reading
Co-op Bank has unveiled a new branch in Ugunja, Siaya County, as part of its commitment to extending financial services accessibility to all citizens nationwide. Siaya Governor, James Orengo, and Honorable Opiyo Wandayi, MP and Leader of Minority at the National Assembly of Kenya, joined the Co-operative Bank of KenyaContinue Reading
The troubles facing National Co-operative Housing Union(Nachu), seems to be far from over after a new group of people have laid claim to the multi-billion land in Juja, Mugutha Kiambu County that the cooperative has put up for sale. More than 100 petitioners have filed a petition at Kiambu CountyContinue Reading
The problems facing Hipora Business Solutions East Africa seems to be far from over after the government deregistered its affiliate company ,Hipora Security Solutions Limited, for failing to comply with minimum wage requirements. Hipora Business Solutions East Africa is solely owned by Mr John Wanjohi after he fell out withContinue Reading
Billionaire investor John Kibunga Kimani has bought an additional 10.8 million shares of Centum Investment Company Plc currently worth Sh90.7 million, raising his stake in the firm that remains undervalued in the market. Business Daily reported on Tuesday quoting regulatory filings. Regulatory filings show that Dr Kimani raised his holdingsContinue Reading