The difference is in the various acts, cooperative act and banking act. I posted this in full because kirk git had posted only part of it..Read it and know who is kenyan bank biggest customerhope you have known the difference between coop bank and other Saccos aftera long research
cooperative Bank is not a cooperative society you fool..u know nothing about kenya..cooperatives are like stima sacco,police sacco etc...which opperates under the rules you googledThe difference is in the various acts, cooperative act and banking act. I posted this in full because kirk git had posted only part of it..Read it and know who is kenyan bank biggest customer
As I said, Read the various acts, And CoopBank is a commercial bank, i have never desputed that..They finally got the license from CBK i think sometimes in 2004, but its operations and clientele reflect heavily from its roots in cooperative sector..its more inclined to lend to private sector than to GoKcooperative Bank is not a cooperative society you fool..u know nothing about kenya..cooperatives are like stima sacco,police sacco etc...which opperates under the rules you googled
coop didnt get a license in 200 it got it way back..you cant sweat talk me to buy your false opinionsAs I said, Read the various acts, And CoopBank is a commercial bank, i have never desputed that..They finally got the license from CBK i think sometimes in 2004, but its operations and clientele reflect heavily from its roots in cooperative sector..its more inclined to lend to private sector than to GoK
Amendment Act 2006? You dont know the subject mattercoop was licensed as a bank in 1968..someone here saying 2004.
foolish man are we talking about bank license or amendment act??..why cant u reason?Amendment Act 2006? You dont know the subject matter
Go and commit suicide..Facts can never changed.Have it the way you want folks,
James Mwangi has already told you the source of kenya's Banking industry Mega Profits..Its The GOK
Now form a new thread and protest 😀😀
You lie. You cannot get a personal loan if you have no shares/member of cooeratives, but you can get a construction or mortage because it has security attached.
If you read the cooperatives act of kenya you will know the difference between a coop and a commercial bank..Coops exist for the benefit of its members, commercial banks are in business purely for profit and thats why they would rather buy treasury bonds than lend to private individuals which is risky.
You are very shallow in this field..Do you even know why Coop fought with CBK to get a commercial bank license?