Co-op Bank - Sacco Review | The Leading Newspaper for Co-operative Movement in Kenya

Co-op Bank plans shift to holding company, eyes regional expansion

Sacco ReviewApril 25, 202605 mins

Co-operative Bank of Kenya has announced plans to restructure into a non-operating holding company, a move that will separate its core banking operations from the broader group and position the lender for regional expansion. The development carries direct implications for Kenya’s 15 million member cooperative movement, which controls the bank through Co-op Holdings Co-operative Society…

Co-op Bank bags Global SME Innovation Award

Sacco ReviewOctober 8, 202503 mins

The Tier one lender Co-operative Bank of Kenya (Co-op Bank) has been recognised for its pioneering work in small business finance, winning the “Product Innovation of the Year (Africa)” award at the Global SME Finance Awards 2025. The award, hosted by the International Finance Corporation (IFC) and the SME Finance Forum, endorses the lender’s strategy…

Co-op bank records net profit rise of Ksh14 billion in first half of 2025

Sacco ReviewAugust 15, 202504 mins

Co-operative Bank of Kenya has recorded an after-tax profit of Ksh14.1 billion for the first half of 2025, representing an 8.4 percent increase from Ksh13 billion posted during the same period last year. Profit before tax rose by 8.3 percent to Ksh19.7 billion, up from Ksh18.2 billion in the first half of 2024. The bank…

Co-op Bank half-year net profit soars to Ksh13 billion

Sacco ReviewAugust 19, 2024August 19, 202405 mins

Co-operative Bank of Kenya’s (Co-op Bank) net profit grew 7 per cent to Ksh12.99 billion for the half-year ending June 2024, driven by higher interest and non-interest income. The lender’s net earnings increased from Ksh12.14 billion reported during the same period last year. This growth was driven by a 10.7 per cent rise in net…

Co-op Bank profit increases by 8 per cent to KSh6.6 billion in first quarter

Sacco ReviewMay 17, 2024May 17, 202402 mins

Co-op Bank has released its financial report for the first quarter of this year. The report showed that the bank had a profit after tax growth of 7.7 per cent to KSh6.58 billion which is an increase of KSh470 million from KSh6.11 billion posted during last year’s first quarter. The bank also reported a profit…

Co-operatives set for a dividend bonanza from Co-op Bank’s Ksh8.8B cash dividend payout

Sacco ReviewMarch 29, 2023March 29, 2023011 mins

By Felix Wanderi Co-operative Bank board of directors has recommended a dividend of Ksh 1.50 per share, subject to approval by the regulators and shareholders. Co-op Bank Group CEO Gideon Muriuki said the proposed dividends represent a 50 per cent increase on the Ksh 1.00 per share paid out last year. He added that the bank will pay out a…

Co-op Bank to pay Saccos Sh3.8bn dividends

Sacco ReviewApril 28, 2021April 28, 202107 mins

By Sammy Chivanga Savings and Credit Cooperative Societies (SACCOs) will get a Sh3.79 billion dividend cheque from Cooperative Bank of Kenya, giving them a major liquidity boost in Covid-19 environment. The pay-out, set for mid-April, comes after Co-op Bank board defied the prevailing dividend freezes and cuts in corporate Kenya to declare Sh5.86 billion dividend…