{"id":92537,"date":"2019-01-25T15:30:37","date_gmt":"2019-01-25T12:30:37","guid":{"rendered":"https:\/\/www.ghafla.com\/ke\/?p=92537"},"modified":"2019-01-25T15:30:37","modified_gmt":"2019-01-25T12:30:37","slug":"co-op-bank-fleet-gets-off-to-a-roaring-start-with-a-kes-890-million-government-fleet-deal","status":"publish","type":"post","link":"https:\/\/www.ghafla.co.ke\/ke\/co-op-bank-fleet-gets-off-to-a-roaring-start-with-a-kes-890-million-government-fleet-deal\/","title":{"rendered":"Co-op Bank Fleet\u00a0gets off to a roaring start with a Kes 890 million government fleet deal"},"content":{"rendered":"<p>Co-operative Bank\u2019s joint leasing venture with South African logistics firm Super Group is set to deliver a fleet of 125 vehicles to the Ministry of Interior, the National Police Service and the Prisons Department.<\/p>\n<p>The\u00a0The new leasing firm known in short as \u2018Co-op Bank Fleet\u2019 inked its first leasing deal with the government which is worth\u00a0over Kes 890 million.<\/p>\n<p>The Co-operative Bank is the financier, with Co-op Bank Fleet arranging the leasing in collaboration with motor vehicle dealers Isuzu East Africa Limited who are to deliver the fleet of 125 vehicles. The fleet comprises of\u00a0trucks, pickups and buses.<\/p>\n<h5>Support customers to acquire assets<\/h5>\n<p>Leasing is gaining traction in Kenya with the government setting the pace notably by opting to re-tool, equip and modernize the National Police Service by way of leasing.<\/p>\n<p><a href=\"https:\/\/www.ghafla.co.ke\/ke\/wp-content\/uploads\/sites\/4\/2019\/01\/co-op.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone wp-image-92539 size-full\" src=\"https:\/\/www.ghafla.co.ke\/ke\/wp-content\/uploads\/sites\/4\/2019\/01\/co-op.jpg\" alt=\"\" width=\"600\" height=\"300\" srcset=\"https:\/\/www.ghafla.co.ke\/ke\/wp-content\/uploads\/sites\/4\/2019\/01\/co-op.jpg 600w, https:\/\/www.ghafla.co.ke\/ke\/wp-content\/uploads\/sites\/4\/2019\/01\/co-op-300x150.jpg 300w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/a><\/p>\n<p>Experts say the availability of leasing implies that it does not make commercial sense any longer to buy assets to own, whereas you can hire to use them as and when you need them.<\/p>\n<p>Co-operative Bank Group Managing Director and CEO Dr. Gideon Muriuki\u00a0said that the leasing business provides an opportunity for the bank to better support customers to acquire the assets, technologies and equipment they require at the same time enable the bank diversify its income streams.<\/p>\n<p>Experts also point out that sale and lease-back allows organisations to shed heavy cost of carrying assets in their balance sheets, but still have access to use those assets. This is by selling off the assets they already own, and then simultaneously lease them back to use.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Co-operative Bank\u2019s joint leasing venture with South African logistics firm Super Group is set to deliver a fleet of 125 vehicles to the Ministry of Interior, the National Police Service and the Prisons Department. The\u00a0The new leasing firm known in short as \u2018Co-op Bank Fleet\u2019 inked its first leasing deal with the government which is [&hellip;]<\/p>\n","protected":false},"author":2834,"featured_media":92538,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[310],"tags":[8261,39],"class_list":["post-92537","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-entertainment","tag-co-op-bank-news","tag-co-operative-bank-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Co-op Bank Fleet\u00a0gets off to a roaring start with a Kes 890 million government fleet deal - Ghafla! Kenya<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghafla.co.ke\/ke\/co-op-bank-fleet-gets-off-to-a-roaring-start-with-a-kes-890-million-government-fleet-deal\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Co-op Bank Fleet\u00a0gets off to a roaring start with a Kes 890 million government fleet deal - Ghafla! Kenya\" \/>\n<meta property=\"og:description\" content=\"Co-operative Bank\u2019s joint leasing venture with South African logistics firm Super Group is set to deliver a fleet of 125 vehicles to the Ministry of Interior, the National Police Service and the Prisons Department. The\u00a0The new leasing firm known in short as \u2018Co-op Bank Fleet\u2019 inked its first leasing deal with the government which is [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.ghafla.co.ke\/ke\/co-op-bank-fleet-gets-off-to-a-roaring-start-with-a-kes-890-million-government-fleet-deal\/\" \/>\n<meta property=\"og:site_name\" content=\"Ghafla! 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