Co-operative Bank of Kenya: Purpose, Values, FAQ, Contact Details

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Co-operative Bank of Kenya is a commercial bank in Kenya, the largest economy in the East African Community. It is licensed by the Central Bank of Kenya, the central bank and the national banking regulator.

Purpose

Co-operative Bank of Kenya is a full-fledged commercial bank offering all the usual banking services in its nine departments namely: cash, current accounts, savings accounts, clearing, foreign operations, correspondence, loans and business advisory services.

Values

Core Values

  • We are Trustworthy.
  • We are Innovative and Agile.
  • We Value our Customers/People.
  • We Share and Collaborate.
  • We have a Passion for Excellence.
  • We are Bold and courageous.

FAQ

What is the purpose of the cooperative bank?

The main function of the central cooperative banks is to provide loans to the primary cooperative societies. However, some loans are also given to individuals and others. Capital: The central cooperative banks raise their working capital from own funds, deposits, borrowings and other sources.

What is the function of cooperation?

The cooperatives are formed to secure low-cost credit, to purchase supplies and equipment for farming and household needs, to market products, even to secure many services, like electric power, irrigation, health, and insurance. Cooperatives can be used in many ways to benefit people in the everyday needs of life.

How does the co-operative bank work?

​What is a co-operative bank? It is a financial entity engaged in the business of collecting deposits and lending – like any other commercial bank. But they function on the principle of cooperation and sharing profits with members. They offer services essentially to members who are shareholders of the bank.

Is Cooperative Bank private or government?

ADVERTISEMENTS: Co-operative banks are private sector banks. 7. Commercial banks mostly provide short-term finance to industry, trade and commerce, including priority sectors like exports, etc.

Whats’ the Cooperative Bank USSD Code?

The service is currently available only via the USSD code *667#. This service will be available on the Mco-op Cash App. later.

Contact Details

Head Office Address: Co-operative House, Haile Selassie Avenue,
P.O. Box 48231 – 00100, NAIROBI.

Tel: 020 327 6000
020-2776000
0703027000
E-mail: Customerservice@co-opbank.co.ke

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