Co-operative Bank targets customer base for leasing business

Co-op Bank chief executive Gideon Muriuki. FILE PHOTO | NMG

What you need to know:

  • Co-op Bank Fleet will enable customers ease operational costs by leasing vehicles for operations when the need arises.
  • This will free monies for use in core business activities.
  • Emerging trends show more firms and public entities are leasing vehicles and equipment on monthly instalments, which is cheaper than buying of assets.

Co-operative Bank plans to tap its customer base to attract new business for the leasing subsidiary Co-op Bank Fleet, which it co-owns with South Africa’s listed firm Super Group.

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