Quick Facts

Where the impacts of the investment may be experienced.
  • Kenya
International, regional and national development finance institutions. Many of these banks have a public interest mission, such as poverty reduction.
  • International Finance Corporation (IFC)
Status: Active
Bank Risk Rating: FI
Risk rating varies among banks and may refer only to the particular investment and not to the risk for the project as a whole. Projects marked 'U' have an 'Unknown' risk rating at the time of disclosure.
Board Decision Date: 2015-11-30
The estimate day the bank will vote on a proposed investment. The decision dates may change, so review updated project documents or contact the EWS team.
The holder of the loan, grant, or other investment.
The service or industry focus of the investment. A project can have several sectors.
  • Finance
Investment Type(s): Loan
The categories of the bank investment: loan, grant, etc.
Investment Amount (USD): $ 105.00 million
Value listed on project documents at time of disclosure. If necessary, converted to USD$. Please review updated project documents for more information.

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Primary Source

Original disclosure @ IFC website
Updated in EWS: 2017-08-02
Disclosure Date: 2015-10-28
Coop Bank II

Project Description
This project finances a loan to Co-operative Bank of Kenya Ltd to support its increased lending to small and medium-sized enterprises and co-operatives, including Women-owned Enterprises, and to promote affordable housing through the expansion of mortgage and construction finance.
Investment Description
Co-operative Bank of Kenya Ltd was established in 1965 as a co-operative society by agricultural marketing co-operative societies to provide access to affordable finance for players in the agricultural sector. Over the years, it has transformed to a leading universal bank in Kenya serving all market segments including co-operatives, corporates, Small and Medium Enterprises and micro-enterprises. In 2008, Co-operative Bank of Kenya Ltd became a public company and was listed on the Nairobi Securities Exchange. Today, it is the 2nd largest bank in Kenya by total assets and has network of 143 branches, over 8,700 agency banking sites and 567 ATMs. Co-operative Bank of Kenya Ltd has four subsidiaries, including a banking subsidiary in South Sudan, and one associate company. Its largest shareholder is Co-op Holdings Cooperative Society Limited, which holds a 64.56% stake in the bank on behalf of over 3,800 cooperative societies and unions who were shareholders of the bank prior to its listing on the Nairobi Securities Exchange. The balance of Co-operative Bank of Kenya Ltd's shareholding is held by an estimated 98,000 shareholders.
Contact Information
Patrick Nyaga Director of Finance & Strategy Co-operative Bank House Haile Selassie Avenue P.O. Box 48231 - 00100 Nairobi, Kenya Telephone: 3276000 Fax: 219831 ACCOUNTABILITY MECHANISM OF IFC The Compliance Advisor Ombudsman (CAO) is the independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an IFC or MIGA- financed project. If you submit a complaint to the CAO, they may assist you in resolving a dispute with the company and/or investigate to assess whether the IFC is following its own policies and procedures for preventing harm to people or the environment. If you want to submit a complaint electronically, you can email the CAO at CAO@worldbankgroup.org. You can learn more about the CAO and how to file a complaint at http://www.cao-ombudsman.org/