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18 articles for Cooperative Bank
Kenya: New data show soaring digital payments
The Central Bank of Kenya (CBK) released digital transaction data for both banks and telcos in 2020, showing strong growth in digital payments and a decline in card transactions. Compared to July 2019-March 2020 (pre-pandemic), total card transaction...
Faith Mwangi @ Tellimer Research 18 February 2021
How emerging market banks, telcos and tech firms see their industries changing
Most (62%) incumbents think that their industries will be bigger in three years’ time; just 2% foresee shrinkage. Only 8% expect more fragmentation. Executives in the technology sector are most pessimistic about the prospects of tighter regulation. L...
Rahul Shah @ Tellimer Research 15 February 2021
Kenya banks: Profits fall by 29% in FY 20 on weak asset quality
According to data from the Central Bank of Kenya, total banking industry PBT fell by 29% yoy in FY 20. We have Hold recommendations on ABSA Kenya, DTB and Stanbic Holdings. In our view, loan book growth is set to remain in single digits in 2021 and 2...
Faith Mwangi @ Tellimer Research 12 February 2021
Kenya: Surge in restructured loans negative for banks
The Central Bank of Kenya (CBK) revealed at the monetary policy meeting held last week that the banking industry has restructured 54.2% of loans as of December 2020. In the personal segment, 40% of loans have been restructured as of December 2020. On...
Faith Mwangi @ Tellimer Research 2 February 2021
The top drivers of fintech success – in their own words
Innovation is the top driver of fintech success, followed by targeting unbanked customers and delivering quality products. For fintechs in Brazil and Indonesia, focusing on the unbanked population has benefitted them most. Unicorn fintechs differenti...
Rohit Kumar @ Tellimer Research 17 December 2020
Kenya: Pandemic-led growth in digital payments positive for banks and Safaricom
Digital payment transactions jumped by 28% yoy to hit a record KES474bn (cUS$4.4bn) in August, according to data from the Central Bank of Kenya. The key driver of this growth was the spike in larger transactions. Even then, we expect transaction volu...
Faith Mwangi @ Tellimer Research 7 October 2020
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Kenya
Sub Sahara Africa
Banks
About
The Co-operative Bank of Kenya Ltd. provides financial services to the cooperative movement and other selected customer segments. The Company offers, through its subsidiaries, commercial banking services, fund management, corporate finance, and merchant and investment banking services.