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Co-op Bank posted a record first-quarter profit of Ksh11.37 billion and confirmed its South Sudan subsidiary turned a quarterly profit for the first time.
Co-operative Bank of Kenya plans to restructure into a holding company called Co-opbank Group PLC, separating its banking operations from group activities as it eyes regional expansion.
Co-op Bank CEO Gideon Muriuki bought 5.5 million more shares worth Sh148 million, lifting his stake to 2.3% as dividends rise.
Co-op Bank, led by CEO Gideon Muriuki, plans a $45.4 million interim dividend after stronger nine-month earnings and rising assets across its network.
CIC Group, backed by Kenyan tycoon Gideon Muriuki, launches a dollar-based balanced fund to expand access to global investment opportunities.
CIC Group reports mixed H1 2025 results as profits fall below $5 million, with strong gains from investments and microinsurance growth.
Gideon Muriuki, CEO of Co‑operative Bank of Kenya, has boosted his personal stake in the lender by acquiring an additional 12 million shares valued at KSh 202.8 million (approximately US $1.57 million) — raising his stake from 2% to 2.2%.
Co-op Bank posted a $53.3 million Q1 profit, up 5.3%, driven by digital lending, strong interest income, and operational efficiency under CEO Gideon Muriuki.
It underscores CIC Group’s commitment to enhancing superior shareholder value while strengthening liquidity and accessibility in the market.
Co-op Bank posts a record $197.1 million profit for 2024, driven by strong revenue growth, efficiency gains, and a 12.5% rise in total operating income.
Kenya’s Co-operative Bank achieves remarkable growth, boosts global visibility, and plans local expansion.
Co-op Bank reports 4.4-percent profit growth despite rising costs from expansion and staff investment.
Co-op Bank secures $3.8 million partnership aimed at improving clean water and sanitation access across the country.
Gideon Muriuki’s increased stake in CIC Group, alongside his 1.75 percent stake in Co-op Bank, solidifies his position among the wealthiest investors on the Nairobi Securities Exchange.
Gideon Muriuki, a leading Kenyan tycoon, and the CEO of Co-op Bank, holds the largest individual stake in CIC Group at 5.27 percent, representing 137,824,304 shares,