Banker Africa Award

Co-operative Bank has bagged two prestigious banking awards in the Banker Africa East Africa awards 2017.

The bank won the best bank in Kenya award in the Diaspora Offering.

Co-op Bank further won the the most Social Responsible Bank through its Co-op Bank Foundation.

In April 2016, the bank launched a 24-hour service centre dedicated to handling banking needs of diaspora customers. The one-stop shop, named Diaspora Banking Centre, sought to boost the amount of money Kenyans living abroad bring into the country.

According to the Director of Retail and Business Banking Division, Maurice Matumo, the centre would ensure Kenyans living abroad access local banking services with minimum difficulties.

The center was established citing an increased demand from Kenyans living abroad for investment in real estate and stock market.

Of the Sh163 billion ($1.6 billion) that Kenyans living abroad sent home last year, Sh45 billion was through Cooperative Bank.

The center has seen the bank extend its services to Savings and Cooperative Societies (Saccos), which are operating from abroad.

The bank has established a relationship with Kenyan-owned Saccos in the US, the United Kingdom and Ireland.