Thursday, June 26, 2025
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Co-op Bank named best bank in Kenya for Diaspora Banking

The Co-operative Bank has scooped two prestigious banking awards in the Banker Africa East Africa awards 2017.

The bank bagged the best bank in Kenya award in the Diaspora Offering.

Co-op Bank further won the the most Social Responsible Bank through its Co-op Bank Foundation.

Co-Op post

Strikingly, the winning of the diaspora award comes at a time when the bank has enhanced its banking products for Kenyans in the diaspora.

Co-op Bank named best bank in Kenya for Diaspora Banking

These have included facilitation of investments, loans, and deposits for Kenyans living abroad.

For instance, last year, Co-operative Bank inked a deal with Gulf-based remittances firm UAE Exchange that would see Kenyans living in the United Arab Emirates remit money into accounts held at Co-op Bank without incurring extra costs.

NCBA

This deal came as Co-op Bank opened a 24 hour Diaspora Centre at the headquarters to serve Kenyans abroad. By then, Co-op Bank was handling about Sh. 30 billion of the nearly Sh. 150 billion national remittances from abroad, giving testimony to the efficiency and diversity of its diaspora package.

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