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.
Becoming a client of The Co-operative Bank plc can be done in a few steps:
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 or 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 performs client's identity verification via branch visit.
The Co-operative Bank plc is the 27th largest bank in the United Kingdom in terms of total assets. In 2019 its total assets were 23 435,50 mln GBP, providing the bank with the market share of 0.26%. In 2019 the bank's annual profit was -153,00 mln GBP.
The Co-operative Bank plc is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is B- (highly speculative). Long-term credit rating assigned to the bank by Moody's is B2 (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 has profiles at the following social networks:
The Co-operative Bank plc is authorized and supervised by the Financial Conduct Authority (reference number 121885).