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

RankName of OwnerPercentage Ownership
1Cooperative Bank of Kenya51.0
2Government of South Sudan49.0
Total100.0

Board of Directors

William Mayar Wol

Chairman

Read More

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.

Dr Gideon Muriuki

Group Managing Director & CEO

Read More

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.

Elijah Wamalwa

Managing Director

Read More

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 2015
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

Read More

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.

Hon. Ocum Genes Karlos

Director

Read More

He was appointed director of Co-op Bank of South Sudan on 8th November, 2018. He
is a South Sudan citizen and is currently Under Secretary for Planning in the Ministry of
Finance & Economic Planning. He is a seasoned finance and planning technocrat with a
decorated service on financial matters in South Sudan. He also has a vast international
exposure having worked for over 12 years with various United Nations Agencies such
as United Nations World Food Programme, United Nations Development Programme
and Care International in Sudan.
He is a holder of Bachelor of Science (B.Sc) in Management from the University of Juba
and a Masters of Science, Qualifying Certificate in Business Administration from the
University of Khartoum.

Rosemary M. Githaiga

Director

Read More

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 responsibility for 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.



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