The Co-operative Bank of Kenya branch network continued to expand in the first quarter of the current financial year. As at the end of the quarter on March 31, 2025, Co-op Bank had expanded its branch network by 15 new outlets to hit 212 branches. These Co-operative Bank branches included the recently opened branch in Kibwezi, Makueni County.
Other recently opened branches that were launched in the first quarter included outlets in Rumuruti, Isibania, Luanda, Ugunja in Siaya County, Marimanti, Maai Mahiu, Naromoru, and Eldama Ravine.
Co-op Bank also opened branches at Dagoretti Market, Ruiru Nord Mall, Eastleigh BBS Mall, Westlands Square Executive Centre, Eldoret Airport Road, and Imaara Mall-Mombasa Road in Nairobi.
In the same quarter, Co-op Bank subsidiary Kingdom Bank opened its 23rd branch in Machakos County along the Mbolu Malu road. This was the fourth branch by the subsidiary to be opened recently. In South Sudan, Co-operative Bank of South Sudan opened its fifth branch in Wau, as the bank further moved to provide support for business growth and financial inclusion in South Sudan.
Interestingly, the expansion of the Co-operative Bank branches came with job opportunities that saw close 500 new employees in the youth category get jobs. “Our staff have grown from 5,400 as the end of the financial year 2023 to the current 5,888, and created job opportunities for over 488 young people,” the bank said in a statement to Bizna Kenya.
“The bank continues to invest in a competitive team set to serve at existing functions and at the same time tap new growth opportunities across all areas of the business.”
READ MORE: Co-operative Bank Q1 2025 net profit rises 5.3 percent to Sh6.9 billion
The growth in the branch network came in a quarter that saw the lender record a net profit growth of 5.3 percent to Sh6.93 billion from the Sh6.58 billion the bank had recorded in the first quarter of the previous year.
“The bank continues to pursue strategic initiatives that focus on resilience and growth in the various economic sectors,” said Co-op Bank Managing Director and Chief Executive Officer Dr. Gideon Muriuki.
“We are running a successful universal banking model that is supported by an innovative digital presence, a wide physical footprint, over 9.4 million account holders, and the unique synergies in the over 15-million member co-operative movement that is the largest in Africa.”
