Created before Nov 2016
Last update: 2019-04-30 14:05:39
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About The co-operative bank
The co-operative bank is an ethical bank operating in the United Kingdom. The bank introduced its Ethical Policy in 1992, which stipulates who the bank will and will not finance, based on its customers' ethical concerns. The bank also operates the internet bank 'smile'. The bank was previously owned by The Co-operative Group, the UK's largest consumer co-operative. In April 2013, after a £1.5 billion capital shortfall was uncovered at the bank, The Co-operative Group sold 70% of the bank's shares to private investors in November 2013. The Group's shareholding was further reduced to 20% in November 2014, and to zero in September 2017. The bank is now owned by a consortium of hedge funds.
1 Balloon Street
M60 4EP Manchester
Andrew Bester |
|Annual report||Annual report 2018|
Leading responsible banks pledge to quit coal as climate summit approaches
The Co-operative Group and Lloyds Banking Group agree non-binding heads of terms for the acquisition of the Verde business
Voluntary initiativesThe co-operative bank has committed itself to the following voluntary standards:
The co-operative bank's ethical policy webpage can be accessed here.