Top Shareholders of Co-operative Bank of Kenya
The top shareholders of Co-operative Bank of Kenya hold considerable influence in one of Kenya’s largest financial institutions. As of the end of 2024, the bank recorded a total of 101,936 shareholders jointly owning approximately 5.87 billion shares.
This includes a mix of local co-operative societies, individual investors, foreign institutions, and custodial services, reflecting the bank’s diverse ownership.
Shareholder Distribution Overview
Here’s how Co-op Bank’s shareholding is distributed:
- Local Companies: 81.53% (approx. 4.78 billion shares held by 3,007 companies)
- Local Individuals: 18.10% (about 1.06 billion shares held by 98,598 individuals)
- Foreign Companies: 0.27% (16.11 million shares across 11 firms)
- Foreign Individuals: 0.06% (3.8 million shares across 199 people)
- East African Firms & Individuals: 0.04% (2.1 million shares)
- Junior Investors: 73,939 shares
Top 10 Shareholders of Co-operative Bank of Kenya
The top shareholders of Co-operative Bank of Kenya collectively control 72.59% of the bank’s total shareholding:
| Rank | Shareholder | Percentage Held |
|---|---|---|
| 1 | Co-opholdings Co-operative Society Limited | 64.56% |
| 2 | Dr. Gideon Maina Muriuki, CBS, MBS | 2.00% |
| 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 (Top 10): 72.59%
Other Shareholders: 27.41%
Top 10 Individual Shareholders
Among individual investors, Co-op Bank Managing Director Dr. Gideon Muriuki stands out as the largest with a 2% stake.
| Rank | Individual Shareholder | % Held |
|---|---|---|
| 1 | Dr. Gideon Maina Muriuki | 2.00% |
| 2 | Patel, Baloobhai; Patel, Amarjeet Baloobhai | 1.63% |
| 3 | Jacob M Oludhe Ondik | 0.10% |
| 4 | Macloud Mukiti Malonza | 0.10% |
| 5 | Samuel Kiplagat Birech | 0.10% |
| 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 (Top 10 Individuals): 4.32%
Other Individuals: 13.79%
Total Individual Ownership: 18.11%
Co-opholdings Co-operative Society Breakdown
Co-opholdings, the largest shareholder, is itself composed of several co-operative societies. Below are its top 10 members:
| Rank | Co-operative Society | Shares Held | % Held |
|---|---|---|---|
| 1 | Harambee Co-operative Savings & Credit Society Ltd | 144,929,400 | 3.83% |
| 2 | Kenya National Police Deposit Taking Sacco Society Ltd | 129,885,226 | 3.43% |
| 3 | H&M Co-operative Savings & Credit Society Ltd | 125,247,471 | 3.31% |
| 4 | Afya Co-operative Savings & Credit Society Ltd | 111,395,592 | 2.94% |
| 5 | Kipsigis Teachers Co-op Savings & Credit Society Ltd | 101,495,520 | 2.68% |
| 6 | Co-operative Bank Co-op Savings & Credit Society Ltd | 96,103,831 | 2.54% |
| 7 | K-unity Savings and Credit Co-operative Society Limited | 91,162,633 | 2.41% |
| 8 | Kwetu Savings & Credit Co-operative Society Ltd | 87,029,775 | 2.30% |
| 9 | Telepost Co-operative Savings & Credit Society Limited | 71,432,771 | 1.89% |
| 10 | Nawiri Savings and Credit Co-operative Society Ltd | 69,453,216 | 1.83% |
Top 10 Co-opholdings Members: 1,028,135,435 shares (27.14%)
Other Members: 2,759,579,969 shares (72.86%)
Total (Co-opholdings): 3,787,715,404 shares (64.56%)
Co-op Bank Financial Highlights (2024)
- Net Profit: KSh 25.5 billion (7.5% growth from KSh 23.2 billion)
- Dividend: KSh 1.50 per share
- Total Assets: KSh 743.2 billion (up from KSh 671.1 billion)
- Net Loans & Advances: KSh 373.7 billion
Final Thoughts
The top shareholders of Co-operative Bank of Kenya reflect the institution’s strong roots in the local co-operative movement, with over 80% ownership concentrated in Kenyan companies and individuals. With continued profitability and strategic leadership, Co-op Bank remains a dominant player in East Africa’s banking sector.
