News
Kenya’s micro, small, and medium enterprises (MSMEs) are finding a powerful ally in the financial sector, with over 249,000 businesses now benefiting from targeted support from Co-operative Bank. The bank’s MSME portfolio accounts for 17.3% of its total loan book, reflecting a deliberate effort to empower
News
Co-operative Bank of Kenya continues to reshape the financial services landscape through an aggressive drive toward digital banking, recording that over 90 percent of customer transactions now occur through online platforms, mobile applications, ATMs, and a network of agency banking outlets. The development is part of the bank’s broader
News
A coalition of student leaders under the Universities Student Leaders Association (USLA) has raised the alarm over what they describe as a deepening crisis in the disbursement of higher education loans and scholarships across the country. In a press briefing held on Wednesday at Sarova Panafric Hotel, Nairobi, the student
News
Kenya’s growing affluent market is set to benefit from enhanced premium banking services as Co-operative Bank of Kenya unveils plans to expand its Executive Plus Lounge network across the country. The initiative follows the launch of the first lounge at Westlands Square, designed to provide personalized banking, strategic wealth
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Co-op Bank Partners with WorldRemit to Power Seamless Diaspora Transfers in Kenya: 150 new cash pickup points across Kenya! Co-operative Bank of Kenya has partnered with global money transfer service WorldRemit to enable fast, secure, and affordable diaspora remittances directly into over 6 million Co-op Bank accounts across Kenya. The
News
Co-op Bank Launches New Financial Solutions to Empower MSMEs in Kenya: Digital payment tools to boost small business growth! Co-operative Bank of Kenya has introduced three new financial solutions tailored for: * Micro * Small * and medium enterprises (MSMEs) Aiming to address key gaps in access to capital, digital payments, and business
News
Co-op Bank Raises Daily ATM Withdrawal Limit to Sh60,000 Amid Inflation Pressures: Shilling depreciation drive demand for higher access! After over a decade, Co-operative Bank of Kenya has increased its daily ATM withdrawal limit by 50%, raising it from Sh40,000 to Sh60,000. The move aims to align
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Safaricom Unveils New Credit Solutions to Boost MSME Financing in Kenya: Fuliza Biashara, Taasi Till, and Taasi Pochi to expand MSME access! Safaricom has launched a refreshed lineup of business credit solutions aimed at improving access to finance for: * Micro * Small * and medium enterprises (MSMEs) across Kenya. Working in partnership
News
Co-operative and KCB Lead in Lending Rate Cuts After CBK Lowers Key Rates: Aimed at boosting borrowing and economic activity! Kenya’s banking sector is adjusting to recent policy changes after the Central Bank of Kenya (CBK) cut the Central Bank Rate (CBR) to 10.75% and reduced the Cash
News
Safaricom has unveiled a suite of revamped credit offerings aimed at improving access to affordable financing for micro, small, and medium-sized enterprises (MSMEs) in Kenya. The new products Fuliza Biashara, Taasi Till, and Taasi Pochi are designed to address persistent credit gaps in the MSME sector by leveraging Safaricom’s
Reports & Analysis
In 2024, Co-operative Bank subsidiaries delivered impressive financial results. The bank released these figures this month. They show profit-before-tax gains across its four main subsidiaries. This success highlights the group’s strength and growth. Kingdom Bank Limited serves micro, small, and medium businesses. It earned a profit before tax of
World Business
The banking sector in Kenya continues to show resilience, with major players like Co-op Bank Group and Absa Bank reporting impressive profit growth. Co-op Bank Group net earnings rose by 9.8% to Sh25.5 billion in 2024, driven by increased customer deposits. Deposits jumped 12.1% to Sh506.1