Cooperative Bank of South Sudan
| Company type | 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
[edit]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[update], 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:
- Kingdom Securities Limited - Nairobi, Kenya - 60% shareholding
- Co-opTrust Investment Services Limited - Nairobi, Kenya - 100% shareholding
- Co-operative Consultancy Services Kenya Limited - 100% shareholding
- CIC Insurance Group Limited - 25% shareholding[3]
- Cooperative Bank of South Sudan - Juba, South Sudan - 51% shareholding[4]
Ownership
[edit]The detailed ownership of the stock of Cooperative Bank of South Sudan is depicted in the table below:[5]
| 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
[edit]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
[edit]References
[edit]- ^ "Gurtong Trust: Licensed Commercial Banks In South Sudan". Gurtong. Retrieved 4 December 2014.
- ^ "The Unaudited Financial Statements of The Co-operative Bank Group for The Period Ended 31st December 2013" (PDF). Rich.Co.Ke (Rich). 19 March 2014. Archived (PDF) from the original on 27 March 2014. Retrieved 4 December 2014.
- ^ 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.
- ^ Juma, Victor (9 August 2012). "Co-op Bank In KSh1.2 Billion (US$15 Million) South Sudan Venture". Business Daily Africa (Nairobi).
- ^ "Kenya: Co-Op Joins Other Kenyan Banks in South Sudan". The Star (Kenya) via AllAfrica.com. 14 October 2013. Retrieved 4 December 2014.
- ^ "Co-op Bank in Sh1.2bn South Sudan venture". Business Daily. Retrieved 3 September 2017.