The bank plans to reorganize into a Non-Operating Holding Company (NOHC) structure. The listed entity will be renamed ‘Co-op Bank Group PLC’. A new subsidiary, ‘Co-op Bank Kenya Limited’, will handle licensed banking operations in Kenya.

As of December 2025, Co-op Bank holds total assets of KSh 827.4 billion. It operates 222 branches across Kenya and South Sudan. The bank has a 64.56% stake held by Co-op Holdings Co-operative Society Limited.

The restructuring aims to enhance operational efficiency and support regional expansion. The South Sudan unit reported a profit before tax of KSh 236 million for FY2025.

Dr Muriuki emphasized that the NOHC model provides a scalable platform for expansion into diversified financial services and other regional markets.

This approach mirrors that of its predecessors: enhanced operational efficiency and a more robust structure for sustained growth.

The restructuring will place all subsidiaries under a clean group umbrella—this offers greater flexibility for capital allocation across subsidiaries and future regional banking expansion.

Co-op Bank has set ambitious targets under its 2025-2029 strategic plan, aiming to grow total assets beyond KSh 1 trillion.

It is noteworthy that Co-op Bank is the sixth NSE-listed banking group to adopt the NOHC structure.

Details remain unconfirmed regarding specific timelines for regulatory approvals. However, the upcoming AGM on May 15, 2026, will be crucial for moving forward with this restructuring plan.

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Easter Monday raises the question of how this day is observed in the United States, particularly in Illinois, where it falls on April 6, 2026. Despite its significance in the Christian calendar, Easter Monday is not recognized as one of the 12 federal holidays in the U.S. for that year.

On this day, most banks will be open, as confirmed by The Federal Reserve, ensuring that financial services remain accessible to the public. Additionally, both the New York Stock Exchange and the Nasdaq will be open for trading, allowing investors to engage in market activities without interruption.

The United States Postal Service will also operate normally on Easter Monday, with mail delivery scheduled as usual. Major delivery services such as FedEx and UPS are expected to function without any changes to their regular operations, providing continuity for shipping and logistics.

In Illinois, Easter Monday is not a state holiday, meaning that state government offices will remain open. However, the situation may vary for schools; some may choose to close for the day or be on spring break, while others could remain open, reflecting the diverse practices across educational institutions.

Historically, Easter Monday has been a day of celebration within the Christian community, symbolizing the continuation of resurrection joy and new beginnings. This observance became firmly established in early Christian worship by the 4th century and is also known as “Bright Monday” or “Monday of the Angel.” In many countries, Easter Monday is recognized as a public holiday, allowing families to come together and celebrate.

As Easter Monday approaches, it is essential to note that while many services will be operational, the day does not carry the same weight as other federal holidays in the U.S. This distinction may influence how individuals and families choose to observe the day, balancing between traditional celebrations and everyday responsibilities.

Details remain unconfirmed regarding any specific events or community activities planned for Easter Monday in Illinois. However, the significance of the day within the Christian faith continues to resonate, prompting many to reflect on its meaning even amidst the regular hustle of daily life.

The post Easter Monday: What to Expect in 2026 appeared first on newskenya.

“We expect to list in the month of May, subject to regulatory approvals,” said Lazarus Muema, a representative of Family Bank, as the organization prepares for a significant milestone in its history.

Family Bank has announced a doubling of its dividend payout to shareholders, reaching Sh2.2 billion, following a remarkable 55.4 percent growth in full-year net profit. The bank reported a net profit of Sh5.37 billion for the year ending December 2025, up from Sh3.46 billion the previous year.

In addition to its impressive profit growth, Family Bank saw interest earned from Treasury bills and bonds increase by 44.1 percent, totaling Sh7.9 billion. The bank’s customer deposits also rose by 20 percent, reaching Sh151.8 billion, reflecting a strong trust from its clientele.

Paul Ngaragari, another key figure at Family Bank, noted, “If you look at the money we mopped up from our customer deposits, around Sh25 billion, and the other money we got from shareholders, around 8 billion, most of that money was purely deployed into investment in government securities.” This strategy has contributed significantly to the bank’s financial health.

Family Bank’s loan book grew by 14 percent to Sh105.8 billion, although it faced challenges with non-performing loans, which rose to Sh17.5 billion, accounting for 14.9 percent of its loan book.

The bank has been planning to go public for a decade, and the upcoming listing on the Nairobi Securities Exchange is seen as a pivotal moment for the organization. Family Bank successfully raised Sh8 billion through a private placement, oversubscribing its target of Sh6.09 billion.

As Family Bank moves closer to its listing, the financial community is keenly watching its developments, particularly regarding regulatory approvals and market reception.

With a solid financial foundation and a clear strategy for growth, Family Bank is poised to make a significant impact on the Nairobi Securities Exchange and the broader financial landscape in Kenya.

Details remain unconfirmed regarding the exact date of the listing and any further strategic initiatives that may follow.

The post Family Bank Reports Strong Growth Ahead of Nairobi Listing appeared first on newskenya.