Co-operative Bank Donates Ksh100 million to Fight COVID-19 in Kenya

Co-operative Bank Group Posts Ksh 3.6Bn in Q1 Profit 

Co-operative Bank of Kenya, the fourth-largest lender in the country, on Monday, announced a donation of Ksh100 million to the COVID-19 Emergency Response Fund.

The lender said the funds will help to facilitate the purchase of ventilators which are considered crucial in the treatment of Covid-19 patients.

“The Board of Directors and staff of Co-op Bank is honored to support with a key cash contribution of Ksh100 million, preferably to be allocated towards purchase of critical ventilators,” a letter signed by Group Managing Director Dr. Gideon Muruki addressed to Jane Karuku, Chairperson of the Covid-19 Emergency Response Fund.

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Co-op Banks’ donation is the second from the corporate sector after the chairman of Devki Group Narendra Raval donated KSh100 million worth of oxygen to all government hospitals in the country.

“I hereby confirm the pledge to donate oxygen worth KSh 100 million to all government hospitals throughout the country. Oxygen will be collected from our Mombasa, Ruiru, and Athi River Devki Steel Mills Ltd Factories in exchange of empty cylinders,” he said in a letter.

“If the need arises, I am ready to pledge all my assets to save my country and the people of Kenya from the Covid-19 devil,” Mr Naval posted on Twitter.

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