Cooperative Bank of Kenya was one the biggest winners during this year’s Banker Awards – East African Banking Awards held in Nairobi.
The lender bagged three key awards; The Best Retail Bank in Kenya, The Best SME Bank in Kenya and the Best Investment Institution in Kenya.
The Group Managing Director and CEO Gideon Muriuki said: “We have over the years worked hard to build a model that enables us to stay close to the customer, listen to their needs and glean insights on their long-term goals that we can confidently say we are offering the most competitive value proposition that SMEs and Retail clients can expect to ever get in this market.”
Co-op Bank already enjoys significant presence in the SME and Retail banking space having negotiated and secured long-term funding from international development finance institutions essentially to fund SMEs.
The bank in the recent past secured a substantial Ksh 15.2 Billion line of credit from the International Finance Corporation (IFC) for on-lending mostly to SMEs and favourable terms.
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