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Co-op Bank scoops top international award

London, UK: International Banker magazine held its annual awards for acknowledging the top banking institutions across the Middle East and Africa. The Co-operative Bank of Kenya received top awards in two categories: Innovation in Retail Banking and Best CEO Africa. The International Banker magazine offers a global view of banking and brings in-depth analysis on the people and innovations within financial services that drive the industry forward. Its annual awards recognize banking excellence globally. Honoured with a dual award, to acknowledge and celebrate innovation and leadership, the Co-operative Bank of Kenya topped the awards lists this year. The first, and most prestigious, award was Banking CEO of the Year, Africa, awarded to Dr. Gideon Muriuki (Co-operative Bank of Kenya). As the head of the bank, Dr. Muriuki receives recognition for promoting the co-operative banking model throughout Kenya and his leadership in driving a sustainable growth model. In particular, Dr. Gideon Muriuki has demonstrated remarkable foresight by insisting that the Co-operative Bank of Kenya retain its identity as a co-operative bank even when expanding into additional parts of Africa outside Kenya, in spite of the fact that it would have been easier for the enterprise to proceed as a successful Kenyan commercial bank. Expanding to other African markets, beginning with South Sudan, by way of joint ventures with co-operative societies in those countries is a futuristic business model that is likely to deliver inclusive growth and a more equitable sharing of the benefits of the rising prosperity of African economies....
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