Co-operative Bank of Kenya Ltd will change its name as part of an ongoing reorganisation to reflect its Co-op Bank new structure. The board has given the greenlight to the implementation of a Non-Operating Holding Company (NOHC) model, which is expected to consolidate the group’s operations for further growth and expansion.
The Board of Directors said the change is in accordance with the Banking Act and Central Bank of Kenya’s prudential guidelines. Under the new structure, the Co-operative Bank of Kenya Ltd will be renamed as CO-OPBANK GROUP PLC as a Non-Operating Holding Company that will own all the group operations and will remain the listed entity at the Nairobi Securities Exchange.
Meanwhile, a new banking business subsidiary will be incorporated – CO-OP BANK KENYA LTD – to carry over the Kenyan banking operations.
“This group model alignment provides a strong foundation for sustainable growth, improved governance and enhanced stakeholder value; notably it’s a scalable platform for expansion into diversified financial services and other regional markets,” says Managing Director and CEO, Dr Gideon Muriuki.
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This corporate reorganisation is subject to shareholders’ approval at the next AGM in May 2026, and necessary statutory approvals from the Central Bank of Kenya, Capital Markets Authority and other regulatory agencies.
Co-op Bank 2025 Profit
The Co-op Bank new structure comes as Co-op Bank Group is riding a profit growth wave. Profit Before Tax for the year ended 31st December 2025 rose to of KSh 40.3 billion, from to KSh 34.8 billion recorded in the previous year, an impressive 15.8 % growth. This is the best-ever performance by the Bank, which underscores the significant gains made under the 2025-2029 Good to Great Strategy and the “Soaring Eagle” Transformation Agenda.
Total Assets increased by 11.32% to KSh 827.4 billion, from KSh 743.3 billion in 2024. The Group is now one of the largest financial institutions in the region with five subsidiaries: Kingdom Bank Ltd, Co-optrust Investment Services Ltd, Co-op Bancassurance Intermediary Ltd, Kingdom Securities Ltd, and Co-op Bank of South Sudan.
Co-op Bank also owns a 24.8% stake in CIC Insurance Group and 25% stake in Co-op Bank Fleet Africa Leasing Ltd (a leasing business joint venture with Super Group of South Africa).
The bank’s footprint across Kenya and the region includes: 217 branches in Kenya, 6 in South Sudan, 616 ATMs & Cash Deposit Machines (CDMs), over 16,000 Co-op Kwa Jirani agency banking with also unique linkages with the over 15 million member co-operative movement that is the largest in Africa.
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