This archive report was first published on 23 June 2020.
Published on June 23, 2020, Co-op Bank's recent loan to CIC Insurance has shed light on the lender's financial stability and capital adequacy.
The Sh. 4.5 billion loan, which will be paid at the end of the loan term, is a testament to the bank's ability to provide significant funding to its clients.
According to financial analyst Reuben Kosgey, the loan is also a reflection of the bank's good capital position and its desire to generate more revenue through acquisition, strategic expansion, and interest income.
Co-op Kenya, the fourth-largest lender in the country, controls 9.63 percent of the market with 159 outlets and was ranked as the second-best bank in Kenya in the first quarter of 2020, according to a market review by Cytonn Investments.
