The Co-operative Bank of Kenya Limited is incorporated in Kenya under the Company Act and is also licensed to do the business of banking under the Banking Act.
The Bank was initially registered under the Co-operative Societies Act at the point of founding in 1965. It started operations in 1968, offering financial services to the Co-operative Movement. This status was retained up to and until June 27, 2008 when the Bank’s Special General Meeting resolved to incorporate under the Companies Act with a view to complying with the requirements for listing on the Nairobi Securities Exchange (NSE). The Bank went public and was listed on December 22, 2008.
Shares previously held by the 3,805 Co-operative Societies and unions were ring-fenced under Coop Holdings Co-operative Society Limited which became the strategic investor in the Bank with a 64.56% stake.
The Bank runs five subsidiary companies, namely:
- The Co-operative Bank of South Sudan Limited (51%): Owned 51% by the Co-operative Bank of Kenya and 49% by the Government of South Sudan, providing financial services in South Sudan through 5 Branches.
- Co-op Bancassurance Intermediary Limited (100%): A wholly owned insurance brokerage subsidiary offering insurance and risk protection solutions.
- Co-optrust Investment Services Limited (100%): The fund management subsidiary wholly-owned by the Bank.
- Kingdom Securities Limited (60%): A stockbroking firm with the Bank holding a controlling 60% stake.
- Kingdom Bank Limited (90%): A niche MSME Bank providing financial services.
The Bank also has two associate companies:
- CIC (33.41%): Associate.
- Co-op Bank Fleet Africa Leasing (25%): Associate.
Our Purpose
A financial institution predominantly owned by the Kenyan Co-operative movement,
Transforming lives
Our Vision
To be the dominant bank in Kenya and the region, riding on the unique Co-operative Model providing innovative financial solutions for distinctive customer experience.
Our Mission
To offer a wide range of innovative financial solutions leveraging on our heavy investment in multi-channels, national and regional presence and with a focus on excellent customer experience by a highly motivated and talented team.
Our Values
- We are Trustworthy
- We are Innovative and Agile
- We Value our Customers/People
- We Share and Collaborate
- We have Passion for Excellence
- We are Bold and Courageous
Executive Banking
Sustainability