About Co-op Bank South Sudan

Bringing about economic empowerment to the people of South Sudan through the establishment and growth of a strong co-operative movement in every sector of the economy.

Background

The Co-operative Bank South Sudan Limited is a commercial Bank whose aim is to bring about economic empowerment to the people of South Sudan through the establishment and growth of a strong Co-operative movement in every sector of the economy. The bank offers innovative conventional banking services to Co-operatives, SMEs, Microfinance, International Organizations, Institutions, Corporates, Individuals, Government Ministries and Quasi Government Agencies, private and public sector customers with full range of banking services for positive impact of the economy.

Co-operative Bank of South Sudan (COBSS) has been established as a strategic joint venture between the Government of the Republic of South Sudan (RSS) on behalf of the co-operative movement in South Sudan and Co-operative Bank of Kenya (COPK).

History

Co-operative Bank of South Sudan is a member of the Co-operative Bank of Kenya 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). 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 Company Limited – 25% shareholding
  • Cooperative Bank of South Sudan – Juba, South Sudan – 51% shareholding

The Bank’s Vision

To be the leading and dominant South Sudanese Bank with a strong countrywide presence, playing a central role in the Co-operative movement and providing relevant and innovative financial services to our customers for the optimum benefit of all our stakeholders

The Bank’s Mission

To offer value-added financial services to our chosen market segments with special emphasis on the co-operative movement through a highly effective network of service points, excellent customer service and a highly motivated team of qualified personnel

Core Values

  • We are proud to be Co­-operative Bank
  • We value our customers
  • We execute at speed
  • We grow our people
  • We employ best practice
  • We value the Bank’s reputation

Cooperative Bank of South Sudan Stock Ownership

The detailed ownership of Cooperative Bank of South Sudan is depicted in the table below

Pie-chart

Rank Name of Owner Percentage Ownership
1 Cooperative Bank of Kenya 51.0
2 Government of South Sudan 49.0
Total 100.0

Board of Directors


Dr Gideon Muriuki

Group Managing Director & CEO

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Dr. Muriuki was appointed Managing Director in 2001 and has presided over the Bank’s turnaround from a massive loss position of Ksh 2.3 billion in the year 2000, to a profit before tax of Ksh 16.4 billion in 2017. He joined the Bank in 1996 as a Senior Corporate Manager then became Director, Corporate and Institutional Banking in 1999 before his appointment as Managing Director in 2001 with a clear mandate to steer the Bank into profitable trading. He holds a Bachelor of Science degree in Mathematics, is a Fellow of the Kenya Institute of Bankers and was awarded an Honorary Doctorate in Business Management in year 2011. He has over 29 years’ experience in banking and finance and he was voted CEO of the Year Africa 2014 by the International Banker. He is a Director of Kingdom Securities Limited, Vice-President Africa – International Co-operative Banking Alliance (ICBA), former Chairman, Governing Council of the Africa International University and former Chairman, African Rural and Agricultural Credit Association (AFRACA). He was decorated in 2005 with the award of Order of the Grand Warrior (OGW), in 2011 with the award of the Moran of the Order of the Burning Spear (MBS) and in 2017 with Chief of the Order of the Burning Spear First Class (CBS) in recognition of his successful turnaround of the Bank and exemplary service to the nation. He is also a recipient of a decoration of Chevalier de L’orde National du Burkina Faso by the President of Burkina Faso in recognition of his outstanding contribution to development of rural finance in Africa, 2016 Lion of Judah Award by Evangelical Alliance of Kenya and Mtumishi Bora Grand Award – 2016 by the Kenya Christian Professionals Forum for his great servant leadership as a committed Christian leader in the market place.


Engineer William Mayar Wol

Chairman

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He is a South Sudanese citizen by birth and holds a Higher Diploma in Agriculture Economics from Agriculture College Sudan University of Science and Technology, a Bachelor of Science Degree from Agriculture Engineering College, University of Alexandria – Egypt. He has served in various capacities including acting Head Government Banking in Co-operative Bank South Sudan, Field Officer Ministry of Agriculture in Sudan, development and formation of Co-operatives in South Sudan's various states among others.


Zachary Chianda

Managing Director

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Prof Mathew Gordon Udo

Director

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He was appointed a director of Co-operative Bank of South Sudan on 23rd August 2012. He is a South Sudanese citizen by birth and is currently Under Secretary in the Ministry of Agriculture, Forestry, Co-operatives and Rural Development in charge of Administrative Affairs, Planning
and Forestry Development. He has a strong base and wide knowledge in different fields of agriculture and natural resource management and has served in various capacities in both the academic field and civil service in South Sudan spanning a period of over 30 years. He holds a MSc. (Agric) Animal Production from the Sokoine University of Agriculture Morogoro Tanzania and a B.A. SA (Hons) Agriculture (Animal Production) from Gezira University of Agriculture wad Medani Sudan. He was appointed Professor of Animal Genetics and Animal Breeding – CNRES University of Juba – a position he continues to hold.


Geoffry M’nairobi

Director

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Francis Ngone

Director

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John K Murugu

Group Chairman

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Joined the Board of Directors on 27th May 2015. He is a leading banker and public finance expert; served as the Director-Debt Management Ministry of Finance – Treasury. He has previously been an alternate director for the Permanent Secretary-Treasury in Kenya Commercial Bank, Industrial Development Bank, and at Jomo Kenyatta University of Agriculture and Technology. He has over 25 years of banking experience at the Central Bank of Kenya Limited notably as the Director Bank Supervision. He holds a Bachelor of Education Degree and Masters of Arts in Economics and is an Associate of the Chartered Institute of Bankers (ACIB). He is the Chairman of The Board Credit Committee.


Macloud M Malonza

Director

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Joined the Board of Directors in 2005. Holds a Bachelor of Arts degree, a Masters in Organizational Change and Development, Master of Business administration, Post-graduate Diploma in Management and Information Systems, Certificate in Strategic Planning and Management and CPS 1. He has also attended Senior Management and Strategic Leadership Development Courses. He has served in various positions in the Civil Service and is Chairman of Harambee Co-operative Society Limited that serves employees of the various Government departments under the Office of the President. He is a Director of Co-opHoldings Co-operative Society Limited.

Board of Directors – Subsidiaries


William Mayar Wol

Chairman

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He is a South Sudanese citizen by birth and holds a Higher Diploma in Agriculture Economics from Agriculture College Sudan University of Science and Technology, a Bachelor of Science Degree from Agriculture Engineering College, University of Alexandria – Egypt. He has served in various capacities including acting Head Government Banking in Co-operative Bank South Sudan, Field Officer Ministry of Agriculture in Sudan, development and formation of Co-operatives in South Sudan's various states among others.


Elijah S Wamalwa

Managing Director

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He has 19 years’ banking experience and is one of the pioneers of Co-operative Bank of South Sudan where he worked from 2013 as Head of Credit & Risk Management, in 201 5 as Head of Retail and Operations before being appointed Managing Director in 2017. He has served in various other capacities at the Co-operative Bank of Kenya as a Portfolio Manager, Head of Credit Administration and later as Head of Credit – Core Banking Implementation Team. He holds a Master Of Science Degree in Governance attained at International Leadership University (Kenya) and a Bachelor of Arts Degree from Egerton University (Kenya). He has additional qualifications in accounting and project management.


Prof. Mathew Gordon Udo

Director

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He was appointed a director of Co-operative Bank of South Sudan on 23rd August 2012. He is a South Sudanese citizen by birth and is currently Under Secretary in the Ministry of Agriculture, Forestry, Co-operatives and Rural Development in charge of Administrative Affairs, Planning
and Forestry Development. He has a strong base and wide knowledge in different fields of agriculture and natural resource management and has served in various capacities in both the academic field and civil service in South Sudan spanning a period of over 30 years. He holds a MSc. (Agric) Animal Production from the Sokoine University of Agriculture Morogoro Tanzania and a B.A. SA (Hons) Agriculture (Animal Production) from Gezira University of Agriculture wad Medani Sudan. He was appointed Professor of Animal Genetics and Animal Breeding – CNRES University of Juba – a position he continues to hold.


Rosemary M Githaiga (Mrs)

Director

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She has over 27 years’ experience as a lawyer having worked in Co-operative Bank since 1996 to March 2017 and previously Hamilton Harrison & Mathews Advocates. As the Company Secretary of the Co-op Bank Group, she had the responsibility of overall provision of legal counsel and company secretarial services, fraud prevention and investigations as well as Trust Secretary for the Co-operative Bank Foundation, the corporate social responsibility vehicle of the bank. She is an Advocate of the High Court of Kenya, a member of the Institute of Certified
Public Secretaries CPS (K) and an Associate Member of the Chartered Institute of Arbitrators. She is also a Director of CIC Insurance Group Limited.


Samuel Kibugi

Company Secretary

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Has over 14 years’ experience as a lawyer and prior to joining Co-op Bank in 2008, worked for a leading bank as a Legal Counsel. He is an Advocate of the High Court of Kenya, a member of the Institute of Certified Public Secretaries ICPS (K) and an Associate Member of the Chartered Institute of Arbitrators. As the Company Secretary of the Co-op Bank Group, he is responsible for overall provision of legal counsel and company secretarial services, fraud prevention and investigations. He is also the Trust Secretary for the Co-operative Bank Foundation, the corporate social responsibility vehicle of the bank.


Ocum Genes Karlo

Title

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Banking services tailored to bring about economic empowerment to the people of South Sudan