Chief Finance Officer and Director of Strategy Co-operative Bank Group Group
Caroline Karimi provides leadership in the Group formulation of the strategic direction of Co-operative Bank, the third largest bank in Kenya (according to the Central Bank of Kenya, 2021 report) and the largest cooperative bank in Africa with 15 million members.
Co-op Bank Under Caroline Karimi’s Leadership
In her role, Caroline drives stewardship of the holding company and its subsidiaries, instituting controls, reporting and financial systems. She leads the development of performance management metrics and all controllership functions, as well as all reporting (including environmental, social and governance or ESG) and engagement with the regulatory bodies.
Caroline Karimi proactively engages with public markets, investors and the analyst community on behalf of the bank. She has successfully led capital-raising initiatives in the last two years, including USD 75 million in 2020 and a further USD 100 million to strengthen the bank’s core capital ratios.
These funds have been sourced internationally with various multilateral lenders and other development finance institutions.
Caroline has risen through the ranks over 10 years with the bank –from Senior Manager to Group ChiefFinance Officer. Over her tenure, she has managed various transformation initiatives such as the refinement of the Banks’ sourcing process.
She provides oversight of the Treasury team, and in the last two years has revamped the bank’s ESG and sustainability initiatives, winning the Kenya Bankers Association Catalyst Awards.
Her community service includes visiting hospice patients and supporting children schooling in Pokot (region in Northwestern Kenya) in partnership with her local church.