Cooperative Bank of South Sudan
| Private | |
| Industry | Banking and Finance |
| Founded | 2012 |
| 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:
- 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
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
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
- ↑ Gurtong, . "Gurtong Trust: Licensed Commercial Banks In South Sudan". Gurtong.net (Gurtong). Retrieved 4 December 2014.
- ↑ 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.
- ↑ 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).
- ↑ 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.
- ↑ Cooperative Bank Plans Five Branches In Juba