2013 interim results
To see our previous reports please see our previous financial results.
06/12/13 - Bank Liability Management Exercise
05/12/13 - Announcement of a Consent Solicitation to Covered Bondholders
05/12/13 - The Co-operative Bank p.l.c. announces that the following supplement (the Supplement) to the prospectus (the Prospectus) dated 4 November 2013 has been approved by the UK Listing Authority and is available for viewing
03/12/13 - Notice of Court Hearing to consider application for requested modification of the scheme of arrangement for holders of The Co-operative Bank p.l.c.’s lower tier 2 capital securities
28/11/13 - Modification requested to scheme of arrangement for holders of The Co-operative Bank p.l.c.’s lower tier 2 capital securities and update on recent events
25/11/13 - The Co-operative Bank p.l.c. announces further details of the payment in kind of 9.25% Preference Shares dividend
20/11/13 - Notice of Scheme Meeting
14/11/13 - The Co-operative Group and The Co-operative Bank Liability Management Exercise
05/11/13 - Restoration of listing to the Official List and trading on the London Stock Exchange
04/11/13 - Notices of Meetings in connection with the Recapitalisation Plan
04/11/13 - The Co-operative Group announces Recapitalisation Plan for The Co-operative Bank
04/11/13 - The Co-operative Bank p.l.c. announces the deferral of interest on its 5.5555% Perpetual Subordinated Bonds and payment in kind of its 9.25% Preference Shares dividend
28/10/13 - Director appointment
25/10/13 - Update on recapitalisation plan for The Co-operative Bank
21/10/13 - Notice of suspension of listing from the Official List and trading on the London Stock Exchange
21/10/13 - Update on provisions for conduct risk
09/10/2013 Director Changes
09/08/2013 Appointment of Non-Executive to the Board of The Co-operative Bank Plc
01/08/2013 The Co-operative Group confirms the disposal of life insurance and asset management businesses
26/07/2013 Sale of Life Insurance and Asset Management Business
Co-operative Banking Group Limited, part of Co-operative Group, announces that the Prudential Regulation Authority and Financial Conduct Authority have approved the sale of its life insurance and asset management businesses to Royal London. The completion of the sale is part of Co-operative Group’s comprehensive plan to significantly strengthen the Bank’s capital base.
24/07/2013 Publication of Interim Results
Co-operative Group Limited and The Co-operative Bank plc will publish interim results for the six months to 30 June 2013, for both Co-operative Group Limited and The Co-operative Bank plc, on 29 August 2013.
12/07/2013 The Co-operative Bank discretionary coupon on 13% Perpetual Subordinated Bonds
In the announcement of 17 June 2013 of its capital action plan, the Board of the Co-operative Bank confirmed that it would only pay discretionary coupon payments on Target Securities with the permission of the Prudential Regulation Authority (PRA).
12/07/2013 Launch of Independent review of Co-operative Bank
The Co-operative Group and The Co-operative Bank today announce the launch of an independent review, to be chaired by Sir Christopher Kelly, into the events that led to the recent announcement of The Co-operative Bank’s capital action plan to address its £1.5bn capital shortfall
17/06/13, The Co-operative Group announces outcome of review of The Co-operative Bank’s capital position
Comprehensive plan agreed to generate capital and provide stability.
05/06/13, The Co-operative Group announces significant strengthening of top team
The Co-operative Group announces a significant strengthening of its management team with the appointment of Richard Pennycook as Group Finance Director and Richard Pym as Chair of The Co-operative Banking Group and The Co-operative Bank.
05/06/13, Director Resignations
The Co-operative Bank plc announces the resignations of Martyn Wates and David Davies
10/05/13, Barry Tootell Leaves The Co-operative Banking Group
Barry Tootell, CEO, The Co-operative Banking Group, has chosen to step down from the business and from the Board of The Co-operative Bank plc.Read more.
10/05/13, The Co-operative Banking Group Statement on Moody’s Downgrade
The Co-operative Banking Group has issued its following response to the recent Moody’s rating agency downgrade.
16/04/13, Management Announcement
The Co-operative Bank plc today announces the appointment of John Baines to the role of Interim Chief Financial Officer for the Co-operative Banking Group with immediate effect.
19/03/13, Royal London announces signing of agreements with The Co-operative Banking Group
Royal London and The Co-operative Banking Group have today announced the signing of agreements for Royal London to acquire The Co-operative’s life insurance and asset management businesses.
15/02/2013 The Co-operative Bank Management Change
James Mack, CFO, has announced his intention to leave the Bank and to take up another role within the sector.
06/02/2013 The Co-operative Bank PLC Director Changes
The Board of Co-operative Banking Group Limited and its subsidiary The Co-operative Bank Plc announce the appointment to their Board of Graeme Hardie as an Independent Professional Non Executive Director, subject to FSA approval.
28/01/2013 The Co-operative Bank Market Announcement
Co-operative Bank p.l.c. (The Co-operative Bank) has entered into a transaction whereby it has transferred a mezzanine portion of the risk in a portfolio of residential mortgage loans originated by its subsidiary, Platform Funding Limited to third party investors via the issuance of £116.5m of funded notes by an orphan special purpose vehicle incorporated in Ireland, Calico Finance Number One Limited (Calico) (the Transaction).
The Co-operative Bank New Issue Announcement
The Co-operative Bank p.l.c. has launched and priced a synthetic UK residential mortgage credit linked securitisation transaction, Calico Finance Number One Limited.
The Co-operative Group announces Euan Sutherland as its new Group Chief Executive
The Board of The Co-operative Group announces that Euan Sutherland will become its new Group Chief Executive in May next year, following the retirement of Peter Marks.
Exchange Offer Final Terms
The following Final Terms are available for viewing:
Final Terms in relation to The Co-operative Bank p.l.c.’s Issue of £235,402,000 7.875 per cent. Subordinated Notes due 19 December 2022 under the £4,000,000,000 Euro Note Programme.
The Co-operative Bank p.l.c. Exchange Offers Results Announcement
In connection with its invitation to holders of its outstanding £150,000,000 5.875 per cent. Subordinated Callable Notes due 2019 (the Existing 2019 Notes) and holders of its outstanding £150,000,000 Fixed/Floating Rate Subordinated Notes due November 2021 (the Existing 2021 Notes and, together with the Existing 2019 Notes, the Existing Notes) to offer their Existing Notes for Sterling Denominated 7.875 per cent. Subordinated Notes due 19 December 2022 (the New Notes) to be issued by The Co-operative Bank p.l.c. (the Bank) (each such invitation, an Exchange Offer and, together, the Exchange Offers), the Bank announces the results of the Exchange Offers.
The Co-operative Bank plc Announces exchange Offers
The Co-operative Bank p.l.c. (the Bank) announces that it is inviting holders of its outstanding £150,000,000 5.875 per cent. Subordinated Callable Notes due 2019 (the Existing 2019 Notes) and holders of its outstanding £150,000,000 Fixed/Floating Rate Subordinated Notes due November 2021 (the Existing 2021 Notes and, together with the Existing 2019 Notes, the Existing Notes) to offer their Existing Notes for Sterling Denominated 7.875 per cent. Subordinated Notes due 19 December 2022 (the New Notes) to be issued by the Bank (each such invitation, an Exchange Offer and, together, the Exchange Offers).
29/11/12 Director changes
The Board of Co-operative Banking Group Limited and its subsidiary The Co-operative Bank Plc announce changes to their boards.
01/11/12 Publication of Prospectus
The Prospectus for the Co-operative Bank p.l.c. £4,000,000,000 Global Covered Bond programme
23/10/12 Publication of Prospectus
The Prospectus for the Co-operative Bank p.l.c. £4,000,000,000 Euro Note Programme.
04/09/12 Directorate Change
The Board of Co-operative Banking Group Limited and its subsidiary Co-operative Bank Plc announce today that Paul Hewitt will be retiring as a Director in Co-operative Banking Group Limited and its subsidiaries with effect from 21 September 2012
07/08/12 Co-operative Group Chief Peter Marks to retire next year
The Board of The Co-operative Group announces that Peter Marks, the Group Chief Executive, intends to retire in May 2013.
19/07/12 The Co-operative Group and Lloyds Banking Group agree non-binding heads of terms for the acquisition of the Verde business
The Co-operative Group hails great deal that would mark the biggest shake-up in high street banking in a generation
19/04/12 Annual Report and Accounts 2011 and Notice of Annual General Meeting 2012
The Company announced its Annual Results on 29 March 2012 in accordance with the financial reporting obligations of the Disclosure and Transparency Rules.
30/03/12 Financial Institution Status
Co-operative Group Limited (CGL) has been informed by the Financial Services Authority that it is a "financial institution"
19/01/2012 Directorate Change
The Board of Co-operative Banking Group Limited and its subsidiary Co-operative Bank Plc announce today that Rodney Baker Bates will not be seeking re-appointment as a Director and Deputy Chair in Co-operative Banking Group Limited
15/09/2011 Termination of Covered Bond
On 15th September the Floating rate Covered Bonds due september 2011 were redeemed in accordance with their terms.
05/09/2011 The new bank in town
The Co-operative adds 245 more places to bank to the high street.
22/07/2011 Neville Richardson announcement
The Co-operative Group has today (Friday 22nd July) announced that Neville Richardson has advised that he has decided to step down as Deputy Chief Executive of the Group and Chief Executive of its financial services business, Co-operative Financial Services (CFS) and will be leaving the Group later in the year.
21/07/2011 The Co-operative Bank's Eurozone debt exposure
The Co-operative Bank was not asked to participate in the European Banking Association (EBA) Stress Test exercise that was published on 15th July 2011.
15/07/2011 The Co-operative Financial Services life and savings review announcement
The Co-operative Financial Services (CFS) today announces the outcomes from the strategic review of its life and savings business.
Credit Markets Presentation to Wholesale Credit Counterparties
The Credit Markets Presentation to Wholesale Credit Counterparties was delivered on Friday 10th July 2009. A copy of the presentation can be found under Presentations.
The merger between Britannia Building Society and The Co-operative Financial Services
On 21st January 2009, the boards of Britannia Building Society and The Co-operative Financial Services jointly announced a merger.
To see a summary of the information we have released on our merged organisation during 2009, please see Annual Information Update.
The merger between Britannia Building Society and The Co-operative Financial Services. Find out more.