The Cooperative Bank was on Wednesday, November 20, named the overall winner at the 2024 Sustainable Finance Catalyst Awards continuing its record in scooping key awards.
The awards organized by the Kenya Bankers Association(KBA), brought together other financial institutions in the country with Cooperative Bank rising above the rest to clinch the award from the other 45 participants.
The spacious room, with its wooden walls, shelves lined with books, and a thick red carpet, contrasted sharply with my presence - a skinny, loose-tie-wearing, shaggy-haired 20-year-old, somebody. I stood out like a sunflower in the desert.
Across from me sat the manager, sporting thin-lensed glasses, who had briefly interrupted our interview to take a five-minute phone call.
Isuzu East Africa and the Cooperative Bank on Wednesday, Mar 13, 2024 announced an Asset Finance Scheme designed for schools and businesses that desire easier financing terms to cope with the current operating environment.
A good number of educational institutions and businesses continue to record reduced cashflows, which therefore calls for easier financing terms.
Co-operative Bank of Kenya customers will now be able to withdraw up to Ksh60,000 per day from the Automated Teller Machines (ATM) across the country following a review.
The Bank informed its customers that the move was informed by the current economic times and the need to address the customer's needs.
Previously, customers could only withdraw a maximum of Ksh40,000 per day from the ATMs.
“Dear client, for your convenience, we have increased the total amount of money you can withdraw on our ATMs from Sh40,000 to Sh60,000 per day,” read the bank's statement in part.
As teachers, we observe and learn more about parents than many of you know. Especially Form One parents.
There are a few cases I can share, especially when parents are so concerned about their children.
I remember back when I was in high school, our school temporarily banned snacks and juices owing to some indiscipline cases. But Abraham - we used to call him Rama - found a way to sneak in some mandazis for the first few days after school reopening.
Co-op Bank Group is pleased to report a Profit Before Tax of Kshs. 24.7 Billion for the third quarter of 2023, representing an 8.6% growth compared to Kshs. 22.7 Billion recorded in the third quarter of 2022. This represents a Profit after Tax of Kshs. 18.4 Billion compared to Kshs. 17.1 Billion reported in 2022.
Co-operative Bank recently upgraded the latest version of the MCo-op Cash App to aid its customers in tracking and managing their finances better, seamlessly accessing banking services at their convenience, tracking transactions, bill payments and accessing affordable loans.
With MCo-op Cash App, you no longer have to go to the bank to transact as you can do so instantly via one tap on your mobile phone.
This is the story of two strangers who met at a mall in Westlands, a tale about a kind heart and an unexpected connection that would turn around the course of their lives.
Have you ever wondered why a simple gesture can bring one to tears or how a simple watchman you pass at a gate, or that receptionist at a desk impacts their lives? What of the impact of that Ksh100 tip to a waiter and a thank you to a conductor safely arriving at your destination from work?
Co-op Bank Group is pleased to report a Profit Before Tax of Ksh16.4 Billion for the first half of 2023, representing a 7.4 per cent growth compared to Ksh15.3 Billion recorded in the first half of 2022. This represents a Profit after Tax of Ksh12.1 Billion compared to Ksh11.5 Billion reported in 2022.
The strong performance by the bank is in line with the Group's strategic focus on sustainable growth, resilience, and agility.
Key Performance highlights:
The Co-operative Bank of Kenya has received a long-term 7-year funding facility amounting to Ksh138 billion (USD 100 million) from a consortium of financial institutions led by DEG for on-lending mainly to Micro, Small and Medium-sized Enterprises (MSMEs) in Kenya.