Co-operative Bank Inaugurates another Branch in Ugunja, Siaya County

Co-op Bank has unveiled a new branch in Ugunja, Siaya County, as part of its commitment to extending financial services accessibility to all citizens nationwide.

The announcement was made through the bank’s social media pages.

Siaya Governor, James Orengo, and Honorable Opiyo Wandayi, MP and Leader of Minority at the National Assembly of Kenya, joined the Co-operative Bank of Kenya in the Ugunja Branch launch.

The bank expressed dedication to broadening financial service access for all citizens.

“Siaya Governor His Excellency James Orengo and Hon Opiyo Wandayi MP and Leader of Minority at the National Assembly of Kenya, joined the Co-operative Bank of Kenya in the launch of Ugunja Branch this morning. The bank is committed to expanding access to financial services to all wananchi across the country,” the bank said on their social media pages.

The expansion of physical presence is aimed to complement the bank’s robust digital banking channels that continue to grow in popularity to now handle more than 90% of customer transactions.

Governor James Orengo commended Co-operative Bank for opening its fourth branch in Siaya County, emphasizing the positive impact on economic growth and financial stability.

“Congratulations to Co-operative Bank for opening another branch in Ugunja, the fourth in the county. I cannot over emphasize that the presence of the bank will spur economic growth and financial stability,” Orengo said.

Ugunja MP Opiyo Wandayi expressed delight at witnessing the official opening of Co-operative Bank, Ugunja Branch.

He thanked the Board and Management for contributing to the transformation of Ugunja Constituency and Municipality.

“Delighted this morning to witness the official opening of Co-operative Bank, Ugunja Branch. We thank the Board and Management of Co-operative Bank Limited for establishing a physical presence and being part of the transformation of Ugunja Constituency and Municipality,” he said.

Co-op Bank’s recent branch openings in Kimana (Kajiado), Meru, Kenol, Thika, Kamakis, and other locations are part of its medium-term strategy focused on local expansion..

The lender in a recent statement said it is opening new branches despite migrating 90 percent of transactions online because its large base of retail clients and partners – individuals, SACCOs, and agents— needs cash management and other support services.

“The emerging theory that bank branches and ATMs will cease to exist is largely wishful thinking driven by the desire to cut brick-and-mortar costs, and not by credible customer feedback on the service outlets through which customers prefer to be served,” Co-op Bank’s chief executive Gideon Muriuki said in a past media interview.