Under the proposed changes, Co-operative Bank of Kenya Limited will be renamed CO-OPBANK GROUP PLC and will serve as the holding company for the group while remaining listed on the Nairobi Securities Exchange (NSE).
The lender says the restructuring is intended to create greater operational efficiency, improve oversight across its subsidiaries, and position the group for long-term sustainable expansion.
Co-operative Bank Group Chief Executive Officer Gideon Muriuki said the move is designed to enhance synergy within the group, create greater stakeholder value, and enable the institution to take advantage of emerging market opportunities.
He noted that the holding company structure will provide greater flexibility in managing the bank’s diverse business interests while supporting strategic investments and growth initiatives.
The proposed transition is, however, subject to approval by regulators and shareholders during the upcoming Annual General Meeting (AGM).