Co-op Bank capital hits Sh122bn on borrowings

Co-operative bank along Moi Avenue in Nairobi.

Photo credit: File | Lucy Wanjiru | Nation Media Group

Co-operative Bank of Kenya’s total capital has crossed the Sh100 billion mark on the back of retained earnings and attracting long-term funding from development partners, including DEG.

The lender’s financial statements for the half year ended June 2023 show that total capital rose by 32.6 percent to Sh122.25 billion from Sh92.22 billion in the previous similar period, strengthening its ability to step up lending.

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