Co-op Bank unveils exclusive lounge for executive banking clients

By Newsflash Reporter

Nairobi, July 28, 2025 — The Co-operative Bank of Kenya has launched a new Executive Plus Lounge in Nairobi’s Westlands Square, a state-of-the-art facility designed to offer its executive banking clients a personalised, premium banking experience.

This strategic move marks the latest phase in the bank’s effort to elevate its executive banking services and position itself as a leader in tailored financial solutions for high-net-worth individuals and emerging professionals.

The Executive Plus Lounge features a full suite of exclusive services including private banking, wealth planning, and strategic business support. One of the lounge’s standout features is a fully equipped executive boardroom, which allows clients to host private meetings in a secure and professional environment.

According to the bank, this first-of-its-kind facility will soon be replicated in at least ten other key locations countrywide, including Nyali, Eldoret’s Rupa Mall, Nakuru, Kisumu, Gigiri, and Karen.

Speaking during the launch event held at the bank’s Executive Banking Captains Club Networking Forum, Lena Yego, Co-op Bank’s Head of Retail Banking, emphasised that the new lounge reflects a broader transformation in the bank’s approach to premium banking.

“Over time, our executive banking journey has grown. We started with basic services focused mainly on transactions, but we’ve listened to feedback from our customers, watched the market evolve, and taken bold steps to transform this experience into something much deeper – more than just banking,” she said.

Empowering Kenya’s youth through executive banking

In addition to the lounge launch, Co-op Bank also rolled out a new youth-focused banking proposition under its executive banking portfolio. This initiative is designed for young entrepreneurs and professionals who are making notable progress in business and career spaces. The programme offers these emerging leaders a platform to engage with seasoned executives, access mentorship, and gain valuable exposure through curated networking opportunities.

“The youth are a key driver of economic growth in our nation, and we have seen a need to integrate them more deliberately across key propositions from the bank,” said Mrs. Yego. “That is why we have created an avenue for them to gain access to the exclusive benefits and networks that the bank provides, to energise them in their wealth management journeys.”

The bank’s expansion and enhanced offerings come at a time when Kenya’s affluent market is experiencing significant growth. According to the 2024 Africa Wealth Report, the country boasts over 7,200 high-net-worth individuals (HNWIs), 30,000 mortgage loans, and 372,000 monthly earners with incomes exceeding KES 100,000. Projections by Statista Market Insights indicate that the market’s Assets Under Management (AUM) will reach KES 1.06 trillion (US $8.26 billion) by the end of 2025, and rise to KES 1.13 trillion (US $8.79 billion) by 2029.

Exclusive benefits for executive clients

Clients enrolled in Co-operative Bank’s executive banking programme enjoy a host of premium services and benefits. These include:

Automatic membership to the prestigious Captains Club Network
Invitations to business networking forums with industry leaders
Access to unsecured personal loans of up to KES 10 million
Integrated wealth and investment advisory services
Visa Platinum debit and credit cards offering travel and lifestyle perks
Complimentary family banking for spouses and children

Through these offerings, the bank seeks to create a seamless, value-rich experience for affluent clients, while also nurturing the country’s rising economic talent.

Co-op Bank, one of the largest financial institutions in the region, operates 212 branches in Kenya and five in South Sudan, along with a robust agency banking network of over 15,000 agents and 619 ATMs and deposit machines. Its strategic investments include subsidiaries in insurance, investment services, leasing, and a notable stake in CIC Insurance Group.