The Co-operative Bank of Kenya has onboarded 135 additional savings and credit co-operatives (saccos) onto its banking platform, deepening its commercial grip on the sector that doubles as both shareholder and client base.
The move solidifies Co-op Bank’s position as the financial backbone of the sacco ecosystem, tapping into increased transaction volumes and float income.
As a Nairobi Securities Exchange-listed firm, this expansion strengthens its strategic alignment with the co-operative movement, from which it draws both equity and loyalty.
The growth comes amid an aggressive push to digitize operations and offer value-added services to a segment that holds over Ksh 1 trillion in assets nationwide.
