Browsing: Co-operative Bank Group

In addition to the Best Bank CEO in Africa award to Muriuki, the EMEA Awards also awarded the Best Bank in Kenya Award to the Co-operative Bank, and the Best Asset Manager award to Co-opTrust Investment Services Limited, a wholly-owned subsidiary of Co-op Bank.

With Kshs 181billion in assets under management, Co-op Trust is one of the largest and most successful locally-owned asset management firms in Kenya.…

East Africa’s top banks ranked among the world’s 1,000 best lenders despite tough operating environment.

The banker, a monthly London-based international financial affairs publication owned by the Financial Times Ltd, shows that Kenya Commercial Bank (KCB), Equity, Diamond Trust Bank and Co-operative Bank, remained resilient in a tough operating environment so as to maintain an upward growth in profitability.

The banks made significant strides in strengthening their balance sheets (assets) and increasing their Tier 1 capital in line with the Basel III requirements.

Tier 1 capital is the core measure of a bank’s financial strength which is reserved to ensure banking operations are not disrupted during periods when lenders make losses.

The chief executive Kenya Bankers Association, Habil Olaka said that banks are taking advantage of opportunities in the East Africa Region and providing their customers with seamless service delivery.

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