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The bank was established in 1966, initially as a cooperative society. The banking license was granted in 1968. The Kenya Government directed all cooperative societies in the country to transfer their deposits to the Co-operative Bank of Kenya and that all cooperatives buy the bank's shares.
A cooperative bank that raises capital on public stock markets creates a second class of shareholders who compete with the members for control. In some circumstances, the members may lose control. This effectively means that the bank ceases to be a cooperative. Accepting deposits from non-members may also lead to a dilution of member control.
The Co-operative Bank p.l.c. [1] is a British retail and commercial bank based in Manchester, England.Established as a bank for co-operators and co-operatives following the principles of the Rochdale Pioneers, the business evolved in the 20th century into a mid-sized British high street bank, operating throughout the UK mainland.
In 2007, the Group agreed to outsource its information systems to Xansa (now Sopra Steria).In 2008, Co-operative Financial Services was Business in the Community's Company of the Year, having been recognised at their Awards for Excellence gala dinner for making sustainable development a top priority in how it operates and in the products and services offered to its customers.
This is the Central Bank of Kenya's list of Licensed Microfinance Banks, updated in August 2024. [3]Caritas Microfinance Bank Ltd; Branch Microfinance Bank Ltd
Cooperative Bank of South Sudan is a member of the Cooperative Bank Group, headquartered in Nairobi, Kenya, with subsidiaries in Kenya and South Sudan.As of December 2013, the Group's asset base exceeded US$2.6 billion (KES:231.2 billion), with shareholders' equity in excess of US$414 million (KES:36.8 billion). [2]
Co-operative Bank or Cooperative Bank may refer to: . The Co-operative Bank, a bank in the United Kingdom; Coop Bank, a bank operated by Coop amba in Denmark.; The Co-operative Bank (New Zealand), New Zealand bank, formerly known as PSIS
KCB Group Limited, also known as the KCB Group, is a financial services holding company based in the African Great Lakes region. The Group's headquarters are in Nairobi, Kenya, with its subsidiaries being KCB Bank Kenya Limited, KCB Bank Burundi Limited, KCB Bank Rwanda Limited, KCB Bank South Sudan Limited, KCB Bank Tanzania Limited, KCB TMB Congo and KCB Bank Uganda Limited.