Pictorial: Co-op Bank Closes $100 Million Cross-Currency Swap Deal

DONE DEAL: The Managing Director, Sub-Sahara Africa at the European Bank for Reconstruction and Development (EBRD) Dr Heike Harmgart (second left) shakes hands with the Treasurer, Co-operative Bank Ms Mutahe Karuoro as they received commemorative plaques on Monday 21^st September 2026 following the successful closure of the $100 Million Cross-Currency Swap deal that will significantly enhance Co-op Bank’s ability to provide competitively priced foreign currency financing to Kenyan businesses.

Teams from both institutions were present including (L-R) Abdessamad Abouti, Regional Head of Local Currency Portfolio at EBRD, Aude Paccate, Director, Portfolio Management – EMEA, Treasury Department at EBRD, Ben Muriuki, Head – Investor Relations and Strategy at Co-op Bank and Francis Muuna, Head – Financial Institutions at Co-op Bank.