The Co-operative Bank plc

 (3.7; 9 ratings)
3.7 9
Business Focus
retail banking

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.

Services

retail banking
business banking

Clients

individuals
companies

Area Served

EUEuropean Union

Products

current accounts
credit cards
savings accounts
ISA accounts
personal loans
car loans
mortgage loans
pre-paid funeral plans

Account Opening

Becoming a client of The Co-operative Bank plc can be done in a few steps:
1.
Submit online application
2.
Visit bank branch

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.

Ways to Bank

The Co-operative Bank plc delivers its products and services through both direct and indirect channels, namely:
branch
online banking
mobile app

Financials

Total Assets of The Co-operative Bank plc
Annual_profit of The Co-operative Bank plc
Market Share of The Co-operative Bank plc
Total Assets (2018)
23,102.80 mln GBP  (-5.66%)
Annual Profit (2018)
-68,700,000.00 GBP  (-56.44%)

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.

Credit Ratings

Fitch: B-
AAA
AA+, AA, AA-
A+, A, A-
BBB+, BBB, BBB-
BB+, BB, BB-
B+, B, B-
CCC, CC, C, RD, D
Moodys: -
Aaa
Aa1, Aa2, Aa3
A1, A2, A3
Baa1, Baa2, Baa3, Baa4
Ba1, Ba2, Ba3
B1, B2, B3
Caa1, Caa2, Caa3, Ca

The Co-operative Bank plc is rated by Fitch. Long-term credit rating assigned to the bank by Fitch is B- (highly speculative).

Deposit Guarantee

Protected Amount
up to 85,000 GBP
Guarantee Fund
Financial Services Compensation Scheme (FSCS)
Covered Depositors
private individuals
companies
Covered Accounts
current accounts
savings accounts
time deposit accounts

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.

Contacts

4th Floor, 1 Balloon Street, M60 4EP, Manchester, United Kingdom
101
+44 01618323456

The Co-operative Bank plc is headquartered in Manchester.

Bank Identifiers

LEI
213800TLZ6PCLYPSR448
Company Number
00990937
MFI ID
GB2535

Bank Supervision

Supervised By
Financial Conduct Authority
Reference Number
121885

The Co-operative Bank plc is authorized and supervised by the Financial Conduct Authority (reference number 121885).

Bank History

Start Date
October 1970

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