The Co-operative Bank of Kenya Limited
Africa
Region
169.3
Commitment (MNOK)
Active
Status
Norfund is participating with USD 16MM directly and USD 3.4MM through the European Financing Partners in a USD 100MM DEG-led subordinated loan to COOP Bank. The funds will strengthen the bank’s capital base, support lending to MSME and position the bank for future growth. COOP is the 3rd largest bank in Kenya, 65% owned by local co-operatives and the largest co-operative bank in Africa.
Key information
- Sector:
- Financial Inclusion
- Commitment (MNOK):
- 169.3
- Year:
- 2022
- Region:
- Africa
- Country:
- Kenya
- Domicile:
- Kenya
- Instrument:
- Loans
- Status:
- Active
- Mandate:
- Development