Co-operative Bank Group’s business restructuring plan could have received nod from investors.

This is after the bank’s share price at the Nairobi Securities Exchange (NSE) surged to Sh20.5 per share on average this week, from an average of 19.25 last week. The bank also became the top mover on the NSE on Tuesday, trading 4.99 million shares valued at Sh102.30 million - accounting for 18.8 per cent of market activity.

Co-operative Bank was also most heavily traded stock on Wednesday with 9.62 million shares worth Sh193.8 million traded - making the stock much sought after by foreign investors. They accounted for 36.7 per cent of all buys on Wednesday, but only 3.1 per cent of yesterday’s sale of the stock. On Thursday, Co-op Bank, Safaricom and Britam were the top movers jointly accounting for 50.2 per cent of activity.

This followed a presentation to investment analysts, fund managers, investment banks and stockbrokers by Chief Executive Gideon Muriuki

Give the same information to his cousin Ohana!! haha

DONE!!!!

Co-operative Bank has for the first time disclosed it spent Sh1.2 billion on the staff restructuring last year that saw it lay off 160 employees in December.
In a presentation to investors, the lender said it will save Sh500 million annually beginning this year in staff costs following the layoffs.
“The Sh1.2 billion is the one-off cost of retrenchment, that is, severance pay and related costs for the 160 staff who were released,” said Gideon Muriuki, the managing director of Co-operative Bank in an e-mail response to Business Daily.

The highest I know got kshs 16.35m after taxation & loans. Not bad..... Though lady had worked for the bank for 26 years.

AFTER paying off taxes & loans? ... She can retire comfortably including her savings over 26 years!