The Co-operative Bank of Kenya Limited is incorporated in Kenya under the Company Act and is also licensed to operate as a bank under the Banking Act.
The Bank was initially registered under the Co-operative Societies Act at the point of founding in 1965. Co-operative operated under the society status until June 27, 2008, when the Special General Meeting resolved to incorporate it under the Companies Act to comply with the requirements for listing on the Nairobi Securities Exchange (NSE).
Shares previously held by 3,805 Co-operative Societies and unions were consolidated under Coop Holdings Co-operative Society Limited, which now serves as the Bank’s strategic investor with a 64.56% stake.
The Co-operative Bank operates through five subsidiaries:
- Kingdom Securities Limited – A stockbroking firm in which the bank holds a 60% controlling stake.
- Co-op Trust Investment Services Limited – A wholly-owned fund management subsidiary.
- Co-op Bancassurance Intermediary Limited (CBI) – A wholly-owned subsidiary offering corporate finance, financial advisory, and capacity-building services.
- Kingdom Bank Ltd – A niche MSME bank offering tailored financial services.
- Co-operative Bank of South Sudan – Owned 51% by Co-operative Bank of Kenya and 49% by the Government of South Sudan, operating five branches in South Sudan.
Loans Offered at Co-operative Bank
The following are loans offered by the bank;
Pesa iko MCo-opCash
Borrowers can borrow from Ksh 1,000 to Ksh 500,000 and repay within 1–3 months by receiving their salary through a Co-op Bank account and applying via *667#.
Flexi Plus Salary Advance
Flexi Plus Salary Advance allows you to borrow from Ksh 10,000 up to Ksh 500,000 and repay over a period of 4 to 12 months.
Co-op-a-maji loan
CO-OP-A-MAJI is a credit/loan product by the Co-operative Bank for those looking for Water, Sanitation & Hygiene (WASH) solutions.
Asset Finance
This is a self-securing loan product for the financing of movable assets. Financing of up to 80% for both new and second-hand assets, and a repayment period of up to 72 months
Also Read: Equity Bank Owners, Branches and Loans Offered
Home Mortgages
Co-op Bank’s Home Mortgage offers a wide range of solutions, including purchase, construction, and equity release, with multi-currency options (Ksh, USD, GBP, EUR).
To access a Co-op Bank mortgage, you must pay a commitment fee and cover stamp duty charges, which is 4% of the property value for Nairobi, Mombasa, and Kisumu, or 2% for upcountry properties.
An additional 0.1% of the loan amount is charged as stamp duty for registering the charge. Legal fees range between 1.5% and 2% of the loan amount, while valuation fees are approximately 0.25% of the property value.
Additionally, Co-op Bank sells bank-approved properties through its Property Hub, a platform for clients to find vetted real estate options.
Also Read: KCB Bank Owners, Branches and Loans Offered
Bank Branches
| County | Branches |
|---|---|
| Nairobi | Aga Khan Walk, Back Office Operations, Buru Buru, City Hall, Clearing Centre, Co-op House, Dagoretti, Dandora, Diaspora Banking, Donholm, Eastleigh, Embakasi, Embakasi Junction, Enterprise Road, Finance and Accounts, Gigiri Mall, Gikomba, Gikomba Area 42, Green House Mall, Greenwood Mall Branch, Head Office, Industrial Area, JKIA, Kariobangi, Kasarani Branch, Kawangware, Kawangware 46, Kayole, Kenyatta Avenue, Kilimani, Kimathi Street, River Road, Thika Road Mall, Tom Mboya, Upper Hill, Utawala, Westlands, Zimmerman |
| Mombasa | Bamburi Branch, Changamwe, Digo Rd, Likoni, Mariakani, Mombasa Road, Nyali Mall, Nkurumah Road |
| Kiambu | Githurai, Githurai Kimbo, Gatundu, Juja, Kamakis, Kikuyu, Limuru, Ruiru, Ruaka, Thika, Thika Makongeni, Thika Kwame Nkrumah Branch |
| Kajiado | Kajiado, Maasai Mall – Ongata Rongai, Ongata Rongai, Ngong |
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