- The Co-operative Bank plc is a retail and commercial bank in the United Kingdom, with its headquarters in Balloon Street, Manchester
The Co-operative Bank Net worth 2024 (estimated)
| How much is The Co-operative Bank worth? | Under review
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The Co-operative Bank facts
- The bank markets itself as an ethical bank, and seeks to avoid investing in companies involved in certain elements of the arms trade, fossil fuel extraction, genetic engineering, animal testing and use of sweated labour as stated in its ethical policy
- The ethical policy was introduced in 1992 and incorporated into the Bank's constitution in 2013
- In 2002, the parent company The Co-operative Group Limited brought the bank and the Co-operative Insurance Society under the control of a newly incorporated holding society, Co-operative Financial Services, which became the Co-operative Banking Group in 2011
- As Britain's seventh biggest lender, the majority of the bank's revenue is made from interest charges on loans
- In 2013-14 the bank was the subject of a rescue plan to address a capital shortfall of about £1
- 9 billion
- The bank mostly raised equity to cover the shortfall from hedge funds, while The Co-operative Group became a minority shareholder holding a 20% stake in the bank
- The Co-operative Bank came 4th in the British Bank Awards 2016
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