Thursday, September 21, 2023
Star Today Logo
  • Home
  • News
  • Business
  • Politics
  • Investigation
  • Health
  • Opinion
No Result
View All Result
Star Today Logo
Home Business

Co-operative Bank of Kenya’s success story

January 26, 2021
in Business, News
Reading Time: 1 min read
CBK gives Co-op Bank green light to acquire Jamii Bora
136
SHARES
Share on FacebookShare on TwitterShare on Whatsapp

The Co-operative Bank is Kenya’s third largest bank by profitability and the number of branches after KCB and Equity.

The Bank was initially registered under the Co-operative Societies Act at the point of its founding in 1966. It was incorporated as a limited company in 2008 paving the way for its listing in the stock market in the same year.

Co-operative societies and unions own 64.5 per cent of the bank through Coop Holdings Co-operative Society Limited. It is best known as the bank where Co-operative societies, saccos and chamas feel at home in terms of value proposition.

Readers' Choice

Co-op Bank named SME Financier of the Year in Africa

Two foreigners lose Sh132m in a Mombasa Hotel

On top of that, the banks key customer segments include retail, business, government corporate and institutional banking.

They also offer Leasing, stock brokerage, insurance, consultancy and capacity building for mostly our Saccos, and fund management, where we continue driving fund management of about Sh. 120 billion.

The bank has over 8.8 million customers with over 4. 4 million customers on the digital platform, MCoop Cash. They have over 16,500 Kenyans living in the diaspora as their clients.

The bank in partnership with various Saccos offers retail banking and related products through front-office service points (FOSAs) located at Sacco’s premises and to date 175 licensed Saccos have over 479 FOSA branches in operation.

To date, over 164 SACCOs are enlisted in this partnership and over 1.18 million ATM cards have been issued to co-operative members. They also have the Coop kwa Jirani agents with over 17,000 agents, internet banking customers who continue to grow.

Co-operative Bank is the risk averse bank among the top three Kenyan banks.

ShareTweetSend
Previous Post

Dispute pitting KQ, pilots over loan advanced to trainees by Co-op Bank to be heard in Labour Court

Next Post

Uhuru calls on Kenyans to support police in maintaining law and order

Related Posts

Co-op Bank receives Sh14.15bn to lend to MSMEs

Co-op Bank named SME Financier of the Year in Africa

September 20, 2023
Mason dies after falling from 10th floor in Pangani

Two foreigners lose Sh132m in a Mombasa Hotel

September 20, 2023
Next Post
Uhuru calls on Kenyans to support police in maintaining law and order

Uhuru calls on Kenyans to support police in maintaining law and order

Leave a Reply

Your email address will not be published. Required fields are marked *

Continue Reading

Co-op Bank receives Sh14.15bn to lend to MSMEs

Co-op Bank named SME Financier of the Year in Africa

by Star Today
September 20, 2023

The Co-operative Bank of Kenya has been named SME Financier of the Year in Africa by the International Finance Corporation at...

Mason dies after falling from 10th floor in Pangani

Two foreigners lose Sh132m in a Mombasa Hotel

by Star Today
September 20, 2023

Police in Mombasa are investigating an incident where electronics belonging to two foreigners went missing in a hotel room where...

Co-op Bank records 47% jump in Q3 net profit

Gideon Muriuki restores his 2% stake at Co-op Bank

by Star Today
September 13, 2023

Co-operative Bank of Kenya’s chief executive, Gideon Muriuki, bought 14.6 million shares of the lender currently worth Sh173 million in...

Old Mutual turns to one-stop financial solutions model to grow clientele

Old Mutual turns to one-stop financial solutions model to grow clientele

by Star Today
September 13, 2023

 Old Mutual Kenya (OMK) has opened a second full-suite branch in the coastal city of Mombasa, as part of a...

Recent News

  • Co-op Bank named SME Financier of the Year in Africa
  • Two foreigners lose Sh132m in a Mombasa Hotel
  • Gideon Muriuki restores his 2% stake at Co-op Bank

Category

  • Business
  • Health
  • Investigation
  • News
  • Opinion
  • Politics
  • Star Today

© 2023

No Result
View All Result
  • Home
  • News
  • Business
  • Politics
  • Investigation
  • Health
  • Opinion

© 2023