The budding tier one lender, the Co-operative Bank of Kenya underscored its commanding lead in embracing excellence in sustainable financial practices after emerging the Overall Winner in this year’s Sustainable Finance Catalyst (SFI) Awards organised by the Kenya Bankers Association (KBA).
This is the fourth time Co-op bank has retained the coveted award in six years at the prestigious KBA 2023 Sustainable Finance Catalyst Awards.
The awards recognise firms in the banking sector whose efforts aim to create long-term value not only for their clients but also for the environment.
“Co-op Bank has once again taken the Overall Winner, Sustainable Finance Catalyst Awards 2023. These Kenya Banker’s Association awards recognize financial institutions that excel in sustainable financial practices. This is the 4th time in 6 years that Co-op Bank has taken the award, confirming our commitment to financial sustainability. We carried home everything in the Sustainable Finance Catalyst Awards 2023.” The bank stated.
This marks the 4th win in 6 years, a testament to the bank’s dedication to financial sustainability.
The bank retained position after it was named Overall Winner at the Kenya Bankers Association (KBA) Sustainable Finance Catalyst Awards in the year 2022.
The principles of Sustainable Finance require financial institutions to strike a balance between their pursuit of financial returns and the consideration of the economy’s future priorities and social-environmental concerns.
Notably, the bank recently received the prestigious Best Financier of SMEs in Africa golden award at the Global SME Finance Awards 2023.
In this category, Co-op Bank was honored with the Gold Award for SME Financier of the Year in Africa.
Bank’s Group Managing Director and Chief Executive Officer (CEO) expressed his pride in the achievement, emphasizing that such awards not only enhance the bank’s reputation but also underscore its commitment to the growth of SMEs in Africa.
“We are very encouraged by the successful outcomes we continue to see in the marketplace. This award is for Kenyan SMEs too.” Muriuki noted.