Co-operative Bank

Co-operative Bank Plc was founded in 1872 as Loan and Deposit Department for the Cooperative Wholesale Society. In 1876 it became the CWS bank, while in 1971 it was registered as a public limited company. It introduced the ethical policy in 1992, which was incorporated into its constitution in 2013. Co-operative Bank began marketing itself as an ethical bank. In 2009 it merged with the Britannia Building Society but later reported losses amounting to £600m in March 2013, which in August 2014 was reported as £75.8 m pre-tax loss showing an increment in revenue amidst the loss. Its headquarters is located in Balloon Street, Manchester, United Kingdom.

The core focus is concentrated on operating the business in mortgage loans, treasury, asset management, credit cards, project finance, commercial banking, loans, investment fund management and pension, retail banking, and online securities brokerage services. It is considered as Britain’s seventh-largest lender and makes its revenue largely from interest charged on loans. It is listed on the London Stock Exchange.

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