November 25, 2024

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Co-operative Bank Opens Second Branch in Ruiru

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Co-operative Bank of Kenya has inaugurated a second branch in Ruiru town, further advancing its mission to provide accessible banking services in Kiambu County.

The bank made the announcement through their social media pages.

According to the bank, the new branch opening is part of a broader expansion strategy that recently included branches in Thika, Kenol, and Meru, among other locations, highlighting the bank’s focus on reaching growing communities across Kenya.

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Founded in 1965 under the Co-operative Societies Act, Co-operative Bank has evolved into one of Kenya’s leading financial institutions. Initially established to support the cooperative movement, the bank is now incorporated under the Companies Act and operates under the Banking Act.

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Beyond its core banking services, Co-operative Bank manages three subsidiaries to serve diverse financial needs: Kingdom Securities Limited, a stockbroking firm where the bank holds a 60% stake; Co-opTrust Investment Services Limited, a wholly-owned fund management company; and Co-op Consultancy & Insurance Agency Limited (CCIA), which provides corporate finance, financial advisory, and capacity-building services.

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The expansion into Ruiru and other areas aligns with Co-operative Bank’s goal to drive financial inclusion and serve the personal, business, and cooperative banking needs of more Kenyans.

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