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.
The Co-operative Bank of Kenya has been named SME Financier of the Year in Africa by the International Finance Corporation at...
Police in Mombasa are investigating an incident where electronics belonging to two foreigners went missing in a hotel room where...
Co-operative Bank of Kenya’s chief executive, Gideon Muriuki, bought 14.6 million shares of the lender currently worth Sh173 million in...
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