The Co-operative Bank provides a wide range of retail banking products and services including current accounts, mortgages, savings accounts, credit cards, loans and internet banking to individuals and SMEs.
Due to regulatory requirements The Co-operative Bank plc performs KYC/AML checks when establishing business relationships with a new client. While onboarding a private individual The Co-operative Bank plc will ask him/her to provide the following documents: passport, ID card, utility bill, employment details, income details. For corporate clients The Co-operative Bank plc will ask to provide corporate documentation as well as information about controlling persons. The Co-operative Bank plc may request additional documentation or information depending on the case.
The Co-operative Bank plc is the 25th largest bank in the United Kingdom in terms of total assets. In 2018 its total assets were 23 102,80 mln GBP, providing the bank with the market share of 0.26%. In 2018 the bank's annual profit was -68,70 mln GBP.
The Co-operative Bank plc is rated by Fitch. Long-term credit rating assigned to the bank by Fitch is B- (highly speculative).
The Co-operative Bank plc participates in the deposit guarantee scheme of the United Kingdom. This deposit guarantee scheme applies to current accounts, savings accounts, time deposit accounts made by private individuals, companies and covers up to up to 85,000 GBP per bank per depositor. The Co-operative Bank plc is a member of Financial Services Compensation Scheme (FSCS) and makes its contributions into it.
The Co-operative Bank plc is headquartered in Manchester.
The Co-operative Bank plc is authorized and supervised by the Financial Conduct Authority (reference number 121885).