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 fifth time Co-op bank has retained the coveted award in seven years at the prestigious KBA 2024 Sustainable Finance Catalyst Awards having also won the overall title in 2017, 2019, 2022 and 2023.
The Awards were created to recognise institutions that practice sustainable finance which has a direct positive impact on the financial sector, the economy, the environment and the society at large.
Sustainable Finance Principles require financial institutions to balance their quest for financial returns with the economy’s future priorities and social-environmental concerns.
Last year, Co-op Bank bagged the same award.
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 at a past event.
