Co-operative Bank of Kenya has announced an ambitious plan to expand its premium banking infrastructure by opening ten additional Executive Plus Lounges across key cities in Kenya.
The move aims to deepen the bank’s engagement with the country’s increasing number of high-net-worth individuals (HNWIs) and affluent clients, providing them with dedicated spaces for personalized banking, strategic wealth management, and exclusive networking opportunities.
The newly planned lounges will be strategically located in major urban centers, including Nyali, Eldoret (Rupa Mall), Nakuru, Kisumu, Gigiri, Karen, and other key branches.
This expansion supports Co-op Bank’s vision to bring its world-class premium banking experience closer to clients in different regions, fostering a more inclusive and accessible approach to wealth management.
Lena Yego, the bank’s Head of Retail Banking, emphasized that the move is aligned with Kenya’s rapidly growing affluent market, which continues to demonstrate significant financial and economic development. “Our clients deserve tailored banking experiences that reflect their unique needs and ambitions,” she said.
We aim to facilitate not only banking transactions but also strategic discussions, networking events, and opportunities that can help clients grow and preserve their wealth.
The new Executive Plus Lounges are expected to serve as hubs for high-net-worth clients to access a range of premium services, including wealth advisory, investment planning, and customized financial solutions. Members will benefit from a dedicated environment that fosters business growth, networking, and access to exclusive events hosted by the bank.
Kenya’s wealth market is experiencing a notable upward trajectory. According to the 2024 Africa Wealth Report, the country boasts over 7,200 high-net-worth individuals, with a substantial number of mortgage loans and monthly earners above KES 100,000.
Market insights from Statista predict that Kenya’s Assets Under Management (AUM) will reach approximately US$8.26 billion in 2025, rising further to US$8.79 billion by 2029, reflecting a maturing financial landscape that demands structured and personalized wealth management solutions.
Co-operative Bank’s expansion of its premium banking lounges underscores its commitment to providing high-quality, accessible financial services tailored to Kenya’s expanding affluent class. As the bank continues to develop its client-centric offerings, it aims to reinforce its position as a leader in Kenya’s premium banking sector.
