Cooperative Bank of South Sudan

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Cooperative Bank of South Sudan
TypePrivate
IndustryBanking and Finance
Founded2012
HeadquartersJuba, South Sudan
ProductsLoans, Checking, Savings, Investments
Total assetsUS$15 million (2012)

Cooperative Bank of South Sudan is a commercial bank in South Sudan. It is licensed and supervised by the Bank of South Sudan, the country's central bank and national banking regulator.[1]

Cooperative Bank Group[]

Cooperative Bank of South Sudan is a member of the Cooperative Bank Group, headquartered in Nairobi, Kenya, with subsidiaries in Kenya and South Sudan. As of December 2013, the Group's asset base exceeded US$2.6 billion (KES:231.2 billion), with shareholders' equity in excess of US$414 million (KES:36.8 billion).[2] The shares of stock of the Cooperative Bank Group are listed on the Nairobi Stock Exchange, where it trades under the symbol: COOP. Members of the Cooperative Bank Group include the following companies:

  1. Kingdom Securities Limited - Nairobi, Kenya - 60% shareholding
  2. Co-opTrust Investment Services Limited - Nairobi, Kenya - 100% shareholding
  3. Co-operative Consultancy Services Kenya Limited - 100% shareholding
  4. CIC Insurance Group Limited - 25% shareholding[3]
  5. Cooperative Bank of South Sudan - Juba, South Sudan - 51% shareholding[4]

Ownership[]

The detailed ownership of the stock of Cooperative Bank of South Sudan is depicted in the table below:[5]

Cooperative Bank of South Sudan Stock Ownership
Rank Name of Owner Percentage Ownership
1 Cooperative Bank of Kenya 51.0
2 Government of South Sudan 49.0
Total 100.00

Branch network[]

The bank has its headquarters in Juba, the capital of South Sudan and the largest city in that country. Four other branches are planned in Juba.[6]

See also[]

References[]

  1. ^ Gurtong, . "Gurtong Trust: Licensed Commercial Banks In South Sudan". Gurtong.net (Gurtong). Retrieved 4 December 2014.CS1 maint: numeric names: authors list (link)
  2. ^ Rich, . (19 March 2014). "The Unaudited Financial Statements of The Co-operative Bank Group for The Period Ended 31st December 2013" (PDF). Rich.Co.Ke (Rich). Archived (PDF) from the original on 27 March 2014. Retrieved 4 December 2014.CS1 maint: numeric names: authors list (link)
  3. ^ Gachiri, John (28 October 2010). "Kenya: Co-Op Bank Share Price Slows After CIC Deal". Business Daily Africa (Nairobi) via AllAfrica.com. Retrieved 4 December 2014.
  4. ^ Juma, Victor (9 August 2012). "Co-op Bank In KSh1.2 Billion (US$15 Million) South Sudan Venture". Business Daily Africa (Nairobi).
  5. ^ Star Reporter, . (14 October 2013). "Kenya: Co-Op Joins Other Kenyan Banks in South Sudan". The Star (Kenya) via AllAfrica.com. Retrieved 4 December 2014.CS1 maint: numeric names: authors list (link)
  6. ^ "Co-op Bank in Sh1.2bn South Sudan venture". Business Daily. Retrieved 3 September 2017.

External links[]

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