- Half Year Results 2014 Teleconference
- Best Commercial Bank 2014, Kenya.
- Bank CEO of the Year – Africa, awarded to Dr Gideon Muriuki, Group CEO, Cooperative Bank of Kenya
- Best Innovation in Retail Banking in Kenya, awarded to the Co-operative Bank of Kenya
- Best Bank in Retail Banking
- Best Bank in Micro-Finance
- Best Local Participating Bank in Renewable Energy & Energy Efficiency
- Bank of the Year in Kenya, awarded to Co-operative Bank of Kenya for 2010 and 2011.
Inclusive Banking Model for Shared Prosperity
The Co-operative Bank of Kenya is a public limited liability company listed on the Nairobi Securities Exchange. The Bank was started in 1965 by the Cooperative Movement in Kenya and began operations in 1968, offering affordable financial services to co-operatives.
The Bank has since diversified to become a full-service universal bank offering the full range of banking services including retail banking, corporate and trade finance, foreign exchange, electronic banking, stock brokerage, fund management, asset finance, mortgage, bancassurance, custodial services, registrar services – in addition to banking co-operatives.
As the premier bankers for the 10 million-member co-operative movement who owns a majority 65% stake in the Bank, the Co-operative Bank of Kenya is the face of Kenya and one of the largest and fastest-growing banks in East Africa with an asset base of close to US$3 billion and over 4.9 million account-holders.
Consistent with co-operative banking principles, the Bank pursues an inclusive banking model intended to achieve shared prosperity for the majority. To realise this, the Bank runs a wholly-owned subsidiary consultancy Co-op Consultancy Services, to offer capacity-building support to Kenya’s co-operatives to enhance their competitiveness and operational efficiencies, strategic planning, performance management and development of operating manuals and procedures. Co-op Consultancy runs hundreds of consulting mandates every year, which may explain why Kenyan co-operatives are the largest and most successful in Africa.
As the Bank expands outside Kenya, it plans to extend its successful co-operative banking model to its new markets in Africa. In September 2013, the Co-operative Bank of Kenya opened its first regional outlet in Juba, the South Sudan capital.
The South Sudan operations are a joint venture between the Bank and the South Sudan Co-operative Movement (through the government of South Sudan) on a 51%/49% shareholding, respectively. This unique joint venture facilitates a deeper engagement with the market and a more sustainable positioning of the business.
The Bank retains a robust corporate social investment via the
Co-operative Bank Foundation, whose current flagship sponsorship is education scholarships through which the Bank is presently financing education for over 1,400 bright but needy students in secondary school and universities.
The successful co-operative banking model has won admiration and recognition from many parts of the world:
WORLD FINANCE of UK awarded Co-op Bank
International Banker Awards, in their 2014 Africa & Middle East Banking Awards:
2014 East African Banking Awards:
2013 Energy Management Awards, Kenya
Financial Times, London Awards:
Co-operative Bank House
Haile Selassie Avenue
P.O. Box 48231 – 00100
Tel: +254 20 327 6000
Fax: +254 20 21 9831
Co-operative Bank of Kenya press release: Unaudited Q3 2014 results
Co-operative Bank of Kenya investor briefing: Q2 2014 financial performance presentation
Co-operative Bank of Kenya results: Unaudited results for period ended 30th September 2014