A mix of local, foreign, and East African companies and individuals owns the Co-operative Bank of Kenya. Co-operative Bank of Kenya MD Gideon Muriuki is the largest individual shareholder. Photo: Co-op Bank. Source: Twitter Top Co-op Bank shareholders As of December 31, 2024, Co-op Bank revealed in its shareholder profile that local companies are the largest group of shareholders, holding 81.53% of the bank’s shares through 3,007 firms that collectively own about 4.78 billion shares. Search option is now available at TUKO! Feel free to search the content on topics/people you enjoy reading about in the top right corner 😉 Local individuals are ranked second (18.10%), with nearly 98,598 investors holding 1.06 billion shares.
On the other hand, 11 foreign companies hold 0.27% (16.11 million shares), and 199 foreign individuals own 0.06% (3.8 million shares). East African firms and individuals have a smaller stake, accounting for 0.03% (1.48 million shares) and 0.01% (652,743 shares), respectively. Junior investors hold 73,939 shares. In total, the bank has 101,936 shareholders who jointly own 5.87 billion shares. The list of top Co-op Bank shareholders. Photo/screengrab: Co-op Bank. Source: UGC Who are the top 10 shareholders of Co-op Bank? Shareholders The percentage they hold 1. Co-opholdings Co-operative Society Limited 64.56% 2. Gideon Maina Muriuki 2% 3. Patel, Baloobhai; Patel, Amarjeet Baloobhai 1.63% 4. Standard Chartered nominees 1.09% 5. NIC Custodial Services 0.94% 6. Kenya Commercial Bank Nominees Limited 0.79% 7. Stanbic Nominees Limited 0.48% 8. ICEA Lion Life Assurance Company Limited-Pooled 0.39% 9. Westlands Triangle Properties Limited 0.36% 10. NCBA Custodial Service 0.36% Subtotal 72.59% Other shareholders 27.41% Total 100% Who are the top individual shareholders? Local individual shareholders % Held
1. Gideon Maina Muriuki 2% 2. Patel, Baloobhai; Patel, Amarjeet Baloobhai 1.63% 3. Jacob M Oludhe Ondik 0.1% 4. Macloud Mukiti Malonza 0.1% 5. Samuel Kiplagat Birech 0.1% 6. Ramaben Sumantrai Pursottam Patel 0.09% 7. James Gichohi Kiiru Waithaka 0.08% 8. Fredrick Fanuel Odhiambo 0.08% 9. Julius Kipkurgat Sitienei 0.07% 10. Beatrice Atieno Olom 0.06% Subtotal 4.32%. Others 13.79% Total 18.11% How much profit did Co-op Bank make? On Thursday, March 20, Gideon Muriuki, the managing director of Co-op Bank, released the lender’s 2024 financial results. From KSh 23.2 billion recorded in the prior year, the bank’s net earnings increased by 7.5% to KSh 25.5 billion during the reviewed period. The bank’s board proposed a dividend of KSh 1.50 per share due to the outstanding performance. Its total assets climbed 10.7% to KSh 743.2 billion from KSh 671.1 billion, while net loans and advances dropped slightly to KSh 373.7 billion from KSh 374.2 billion in 2023.
By Japhet Ruto
