Co-operative Bank Of Kenya

Quick facts A Bout Co-operative Bank:

 

The Co-operative Bank of Kenya Limited ('the Bank') is incorporated in Kenya under the Company's 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.

This status was retained up to and until June 27th 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 Stock Exchange (NSE).

The Bank went public and was listed on December 22 2008.

Shares previously held by the 3,805 co-operatives societies and unions were ring-fenced under CoopHoldings Co-operative Society Limited which became the strategic investor in the Bank with a 64.56% stake.

The Bank runs three subsidiary companies, namely:

Cooperative Bank House

1. Kingdom Securities Limited, a stockbroking firm with the bank holding a controlling 60% stake;
2. Co-opTrust Investment Services Limited, the fund management subsidiary wholly-owned by the bank; and
3. Co-op Consultancy & Insurance Agency Limited (CCIA), the corporate finance, financial advisory and capacity-building subsidiary wholly-owned by the bank.

Vision: To be the leading and dominant Kenyan bank with a strong countrywide presence, playing a central role in the co-operative movement and providing relevant and innovative financial services to our customers for the optimum benefit of all our stakeholders.

Mission: To offer value-added financial services to our chosen market segments with special emphasis on the co-operative movement through a highly effective network of service points, excellent customer service and a highly motivated team of qualified personnel.

Shareholding Structure: The Co-operative Bank is owned by over 154,942 shareholders (as at 2011 close). Out of this, CoopHoldings Co-operative Society Limited owns 64.56%, with the rest held by other investors.

The Bank has an Authorised share capital of Kes 5,000,000,000 made up of 5,000,000,000 shares of Kes 1.00 each, and an Issued and fully paid capital of Kes 3,492,370,900 made up of 3,492,370,900 shares of Kes 1.00 each.

Staff Complement: As at the close of 2011, Co-op Bank had a staff establishment of 3,193 employees.

Contact Information

Head Office Address,
Co-operative House,
Haile Selassie Avenue,
P.O. Box 48231 - 00100,
NAIROBI.
Tel: 3276000, Fax: 219831

Contact Centre numbers,
Telkom 277 6000 , Safaricom 0703 027 000, Zain 0736 690 101
Fax: 3276 518
E-mail: customerservice@co-opbank.co.ke