Co-operative Bank of Kenya scoops international award

The award was presented during a gala dinner at The Law Society in London on 5 December

The Co-operative Bank of Kenya has been named the best bank in the country at this year’s Europe, Middle East and Africa (EMEA) Finance Awards.

The awards – for inancial institutions that continue to increase profitability, deliver affordable credit to the retail and wholesale markets, and support local and transnational corporations – were presented at a gala dinner at the Law Society in London on 5 December.

The bank’s head of investor relations and strategy, James Kaburu, said: “We are delighted to have been recognised with the prestigious EMEA Finance – African Banking Awards 2019, which vindicates our business model that uniquely combines world-class expertise and capabilities with deep-rooted local experience, enabling us to deliver market-leading solutions to our customers in Kenya.”

Other awards won by the bank this year include Overall Winner in the Environmental Sustainability Report at the 2019 East African Financial Reporting (FiRe) Awards, in November. In April it was named Best Bank in Sustainable Finance in Kenya at the 2019 Energy Management Awards, hosted by the Kenya Association of Manufacturers.

Group managing director and CEO, Dr Gideon Muriuki, said: “As a bank that is predominantly owned by the 15 million-member co-operative movement, we are inclusive by design, which has not only enabled us to deliver shared prosperity today, but also helped us build an awareness and prudence to avoid making decisions that may put future generations in jeopardy.”

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