Cooperative Bank of South Sudan

Cooperative Bank of South Sudan
Private
Industry Banking and Finance
Founded 2012
Headquarters Juba, South Sudan
Products Loans, Checking, Savings, Investments
Total assets US$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
RankName of OwnerPercentage Ownership
1Cooperative Bank of Kenya51.0
2Government of South Sudan49.0
Total100.00

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.
  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). Retrieved 4 December 2014.
  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.
  6. ↑ "Co-op Bank in Sh1.2bn South Sudan venture". Business Daily. Retrieved 2017-09-03.
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