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Co-op Bank boss rewarded for protecting shareholder returns during Covid-19 pandemic

July 22, 2021
in Business, News
Reading Time: 1 min read
Co-op Bank partners in Sh32bn Covid health funding
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Co-operative Bank’s chief executive, Gideon Muriuki, earned Sh260.3 million in bonus last year, the largest in the banking industry, under the bank’s performance-based reward system for staff.

The lender says it rewarded the CEO for protecting shareholder returns while navigating the bank through the Covid-19 pandemic.

Mr Muriuki’s bonus dropped from Sh271 million in 2019 but dwarfed those paid to CEOs of rival big banks which were slashed by larger margins.

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