HomeBUSINESSCo-operative Bank of Kenya

Co-operative Bank of Kenya

Co-operative Bank of Kenya

TypePublic company

IndustryFinancial services


HeadquartersNairobi, Kenya

Key people

John Murugu, OGW


Dr. Gideon Muriuki, CBS

Group Managing Director & CEO

ProductsLoans, Checking, Savings, Investments, Debit Cards

RevenueAftertax: US$100 million (KES:10.31 billion) (Qtr3 2018)[1]

Total assetsUS$3.9 billion (KES:404.15 billion) (Qtr3 2018)

Number of employees

4,000+ (2018)


Co-operative Bank of Kenya

This is a commercial bank in Kenya, the biggest economy in the East African Society. It is approved by the Central Bank of Kenya, the central bank & the national banking regulator. The bank has presented an Agency banking model and has a deep client base in Kenya with over 7.5 million functional accounts as of December 2018. In 2010, the London Financial Times rewarded “Best Bank of Kenya” due to their excellent growth.


The bank functions the banking needs of individuals, small businesses, and enormous corporations, focusing on the requirements of co-operative societies in Kenya. Cooperative Bank is an enormous financial services institution. Its total acquisitions were valued at US$3.9 billion (KES:404.15 billion). On 31st of December 2013, its shareholders’ equity was adored at roughly US$425 million (KES:36.8 billion). As of May 2012, the bank regulated about 8.2% of all bank investments in Kenya.


The bank was founded in 1966, initially as a co-operative society. The banking license was bestowed in 1968. The Kenya Government directed all co-operative communities in the country to transfer their depositions to the Cooperative Bank of Kenya and that all co-operatives buy the bank’s shares. In 1977, the bank extended its first subsidiary: Cooperative Finance Limited. In 1989, the bank transformed into a fully-fledged commercial bank and expanded its products menu. In 1998 the bank’s headquarters were resettled following the destruction of the original premises by the bombing, mainly targeting the nearby Embassy of the United States of America. That same year, the bank evolved an agent of the money-transfer service business MoneyGram. In 2002, the bank’s headquarters was replaced by Cooperative Bank House following renovations. In 2008, the bank was finnaly listed on the Nairobi Securities Exchange, where its shares trade under COOP.

In March 2020, the Co-operative Bank of Kenya revealed its plans to acquire Jamii Bora Bank. COOP Bank contracts Jamii Bora Bank renames it to Kingdom Bank Limited.

Member companies

The companies that compose the Cooperative Bank Limited contain, but are not limited, to the following:

  • Kingdom Securities Limited Nairobi, Kenya – 60% shareholding
  • Co-opTrust Investment Services Limited Nairobi, Kenya – 100% shareholding
  • Co-operative Consultancy Services Kenya Limited 100% shareholding
  • CIC Insurance Group Limited 35.71% shareholding
  • Co-operative Bank of South Sudan Juba, South Sudan
  • Co-operative Bank Foundation Nairobi, Kenya
  • Co-operative Bank Ethiopia Addis Ababa, Ethiopia In development
  • Co-operative Bank Uganda Kampala, Uganda In development.
  • Jamii Bora Bank – Nairobi, Kenya (90% shareholding)


The bank’s stock is possessed by the following corporate commodities and individuals.

      Co-operative Bank of Kenya Stock Ownership

                                           RankName of OwnerPercentage Ownership

1 CoopHoldings Cooperative Society Limited 65.0
2 Over 116,000 “Other” Investors 35.0
Total 100.00

CoopHoldings Cooperative Society Limited is a holding business owned by the co-operative organizations within Kenya, which own a controlling majority of shares totaling 65% of all company stock. Individual and institutional investors own the rest through the Nairobi Securities Exchange.


An eighteen-person board of directors governs the bank. John Murugu, one of the non-executive supervisors, is the chairman. The managing director and chief executive official are Gideon Maina Muriuki, MBS. Seven other senior managers assist him in supervising the bank’s day-to-day activities.



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