Savings and Credit Cooperative Societies (saccos) are in line for a Sh5.54 billion cheque as their holding company proposes to distribute nearly all the dividends earned from Co-operative Bank of Kenya.
Co-op Holdings Co-operative Society, which holds a 64.5 percent stake in Co-op Bank on behalf of saccos, is proposing to distribute 97.4 percent of the Sh5.68 billion it is set to receive as its share of dividends from the lender.
