Co-operative Bank has been recognised as the best bank in Kenya at African Banking Awards 2020 organised by EMEA (Europe, Middle East & Africa) Finance.
This is the third time in a row the financier has been awarded in the position; the first and second times being in 2018 and 2019 respectively.
The EMEA Awards appreciates financial organisations that continually expand their profitability while delivering affordable loans to retail and wholesale markets and consequently supporting local and transnational corporations do business.
This was the thirteenth edition of these banking awards.
“This year has presented complex challenges and difficult operating environments the likes that have not been seen for many decades.
” We thank all of this year’s participants in the submission process for bringing to our attention the many impressive initiatives that you have and continue to initiate in support of customers, communities and the public sector as we all work through and towards better and safer times.
” This year’s submissions demonstrate that African banking is in good shape, and can weather a severe crisis. The digital advances that have been made over the past decade are proving valuable and investments made are paying dividends pushing change across the financial landscape,” read a statement from the award conveners.
The award came in quick succession to recent accolades that saw the Co-op Bank’s Energy Manager Albert Ouma named Energy Manager of the Year in Sub Sahara Africa by the Global Association of Energy Engineers for his outstanding accomplishment in promoting the principles and practices of energy management.
Recently, the lender joined the global financial community by signing up for the United for Wildlife 2018 Mansion House Declaration.
A taskforce that is committed to fight against illegal trafficking in wildlife through development of mechanisms that identify illegal wildlife trade financial crimes and compliance programs to combat these crimes.
Earlier, the financier was listed Overall Winner of the 2019 Kenya Bankers Association (KBA) Sustainable Finance Catalyst Award. This award recognises financial organisations practising sustainable banking products which have a positive impact on the financial sector, the economy, the environment and the society.
In June last year (2019), the bank was also named Best Bank in Sustainable Finance in Kenya during the 2019 Energy Management Awards hosted by the Kenya Association of Manufacturers. It was also honoured as Overall Winner in Environmental Sustainability Reporting at the 2019 East African Financial Reporting (FiRe) Awards.
“As a bank owned predominantly by over 15M-member Co-operative Movement, we have not only delivered shared prosperity today, but also build an awareness and prudence to avert decisions that may put future generations in jeopardy,” said Group Managing Director & CEO Co-operative Bank, Gideon Muriuki.
