Co-op Bank shatters records with $197.1 million profit under Gideon Muriuki
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.
Co-op Bank
Kenyan investor Baloobhai Patel buys $1.1 million additional stake in Co-op Bank
This move reflects his confidence in the bank’s potential and his ongoing commitment to expanding his influence in Kenya's financial industry.
Kenyan banker Gideon Muriuki’s Co-op Bank posts $50.25-million profit in Q1 2024
Muriuki, who has played a pivotal role in the bank’s expansion, holds a two-percent stake in the group, now valued at more than $12 million.
Co-op Bank led by Gideon Muriuki secures $25.2 million to support women-owned businesses in Kenya
Muriuki, Co-op Bank’s CEO and managing director, welcomed the financing, emphasizing the critical need to bolster support for women-owned businesses.
Kenyan tycoon Gideon Muriuki-led bank’s wealth arm hits $1.7 billion in assets under management
Co-op Trust’s assets have quadrupled since 2014, rising from Ksh52.5 billion ($392.4 million) to Ksh218.38 billion ($1.7 billion) in 2023.
Kenyan tycoon Gideon Muriuki’s Co-op Bank to distribute $66.45-million dividend
The proposed dividend marks a significant milestone for the group and reflects its strong financial position.
Co-op Bank led by Kenyan banker Gideon Muriuki to add 15 branches in 2024 despite digital shift
As Co-op Bank embarks on its ambitious expansion journey, the institution reaffirms its commitment to serving diverse customer needs while leveraging technological innovations.
Kenyan billionaire Baloobhai Patel boosts stake in Co-op Bank with $1.43-million investment
This further solidifies Patel’s commitment to Co-op Bank, as he navigates the challenging market conditions marked by a bear run that has undervalued many banking stocks.
Gideon Muriuki’s Co-op Bank joins Kenya’s top employers with more than 5,200 employees
Thanks to its strategic expansion initiatives spanning the region, the Muriuki-led group has now positioned itself among Kenya’s leading employers.
Gideon Muriuki-led Co-op Bank becomes Kenya’s second-most valuable lender
Under the leadership of Muriuki, who serves as the bank’s CEO, Co-op Bank has solidified its position as a key player in the market.
Kenyan banker Gideon Muriuki spends $1.2 million acquiring new Co-op bank shares
Muriuki had once held a two-percent stake in Co-op Bank, but after selling some shares in 2020, his stake had dropped to 1.75 percent.
Bank led by Kenyan tycoon Gideon Muriuki recoups $1.56-million loan from Centum unit
Muriuki owns a substantial two-percent stake in Co-operative Bank Group, translating to 117,471,300 ordinary shares.
Co-op Bank stake of Kenyan businessman Gideon Muriuki falls below $10 million
Muriuki owns a significant stake of two percent in Co-op Bank, which translates to 117,471,300 shares in the Nairobi-based lender.
Bank led by Kenyan tycoon Gideon Muriuki secures $100-million loan to empower small businesses in Kenya
Muriuki, the managing director of Co-op Bank, said the facility will empower to fulfil the financing requirements of MSMEs.
Kenyan banking magnate Gideon Muriuki hit by $1.1 million in losses amid Co-op Bank share decline
The $1-million drop in Muriuki’s stake can be attributed to a nearly 10-percent decline in Co-op Bank Group’s shares.
Kenyan banker Gideon Muriuki’s Co-op Bank adds over 500 jobs, bolstering expansion in Kenya
Under the leadership of Muriuki, Co-op Bank’s 2022 annual report revealed an impressive financial performance.