Nairobi, Sept. 10 -- Local firms have increased their holdings in Co-operative Bank of Kenya by 98.97 million shares currently valued at Sh3.75 billion since the start of 2025 as individual investors made profit-taking trades amid a rally in the stock.

Shareholding disclosures show that local firms, including Saccos held 4.88 billion Co-op Bank shares in July this year, up from 4.78 billion at the end of December 2024.

This has lifted their stake from 81.53 percent to 83.21 percent currently valued at Sh184.78 billion.

Over the same period, local individuals reduced their holdings by 95.48 million shares to 966.29 million from 1.061 billion, cutting their stake to 16.42 percent from 18.1 percent.

Co-op Bank has a unique ownership stru...