The Co-operative Bank of Kenya has announced a major milestone in its journey toward growth and innovation. As part of an expansive strategy to strengthen its foothold in the Kenyan financial sector, the bank has recruited 1,104 new employees. This development not only underscores Co-op Bank’s commitment to providing exceptionalContinue Reading
Co-operative Bank of Kenya Profit Before Tax for the half-year period ending 30th June 2024 hit Ksh18.2 billion, growing 10.7% from Ksh16.4 billion recorded in the same period in 2023. This translates to a profit after tax of Ksh13 billion, up from Ksh12.1 billion reported in 2023. The bank’s management saysContinue Reading
Top Co-op Bank team led by its chief executive officer Gideon Muriuki during a past shareholders meeting.Continue Reading
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 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 Co-operative Bank has once again asserted its dominance by clinching the Overall Winner title at the prestigious Kenya Bankers Association (KBA) 2023 Sustainable Finance Catalyst Awards. This recognition is a testament to the bank’s unwavering commitment to excellence in sustainable financial practices. In an era where the principles ofContinue Reading
The Co-operative Bank of Kenya has received a long-term 7-year funding facility amounting to USD 100 million (Kshs 13.8 Billion) from a consortium of financial institutions led by DEG for on-lending mainly to Micro, Small and Medium-sized Enterprises (MSMEs) in Kenya. The loan is a Tier II Facility that hasContinue Reading