Co-operative Bank’s CEO Gideon Muriuki has been named Africa’s banking CEO of the Year by the International Banker Magazine. Muriuki was recognized for his efforts in transforming the bank from a loss-making entity when he took over the reins in 2001 to being the fourth most profitable bank in Kenya. The bank is currently the third largest homegrown Kenyan bank after Equity and KCB.
Since Muriuki’s appointment as CEO, the bank has seen customers increase from 125,000 to 4 million and its branch network grow from 30 branches to over 130. Muriuki also guided the bank’s successful listing at the NSE in 2008.
Two Kenyan institutions, namely Co-operative Bank and Dyer & Blair, were feted for Innovation in Retail Banking Kenya and Investment Bank of the Year Kenya respectively.
Complete List of International Banker 2014 Middle East & Africa Awards