The Co-operative Bank of Kenya has reaffirmed its leading role in the country’s cooperative movement, announcing that it is now serving 86 Savings and Credit Cooperative Societies (SACCOs) as key clients in its corporate banking portfolio.
Through its dedicated Co-op SACCO Banking Division, the lender provides tailor-made financial solutions designed to meet the unique needs of SACCOs, including credit facilities, trade finance, digital banking integration, and treasury management.
The bank noted that SACCOs remain a cornerstone of Kenya’s financial system, mobilising savings from millions of members across diverse sectors and channeling affordable credit to households and businesses.
By partnering with SACCOs, Co-op Bank strengthens its historic roots within the cooperative movement, where it was founded more than five decades ago.
“Our relationship with SACCOs is not just business—it is part of our DNA,” said Co-op Bank Group Managing Director and CEO Gideon Muriuki. “We are committed to empowering SACCOs with innovative banking solutions that enable them to deliver better services to their members and remain competitive in a rapidly changing financial landscape.”
The 86 SACCO clients benefit from Co-op Bank’s modern banking infrastructure, including integration with the MCo-opCash mobile platform, agency banking services, and real-time payments systems.
The bank also facilitates capacity-building programs and advisory services to help SACCOs strengthen governance and enhance operational efficiency.
Analysts say Co-op Bank’s strong partnership with SACCOs positions it strategically to deepen financial inclusion in Kenya, especially in rural and semi-urban areas where SACCOs are often the most trusted financial institutions.
As the cooperative sector continues to grow—boasting an asset base of more than Sh1.5 trillion nationally—Co-op Bank’s focus on serving SACCOs underscores its vision of shared prosperity anchored in cooperative principles.
