Recent Announcements
April 2013
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 response to the recent Moody’s rating agency downgrade.
Read more.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.
March 2013
21/03/2013 The Co-operative Bank Statement to the Company Announcements Office.
Preliminary results for the 53 weeks ended 5 January 2013 of The Co-operative Bank plc, the main subsidiary of The Co-operative Banking Group. You can access a copy of the RNS Announcement via the link below and further information will be released later in the day.
February 2013
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.
05/02/2013 A Quarter Of Motorists Fail To Recognise Common Road Signs
Nearly a quarter (23%) of motorists fails to recognise common British road signs, according to new research by The Co-operative Young Driver Insurance.**
04/02/2013 The Co-operative Insurance Launches Smartphone App To Rate Safety Of Young Drivers
The Co-operative Insurance has today (04 February) launched a free Smartphone app to allow young drivers to find out how safe they are behind the wheel.
January 2013
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.
December 2012
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.
Publication of Final Terms
Signed Final Terms
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).
November 2012
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.
Publication of Prospectus
The Prospectus for the Co-operative Bank p.l.c. £4,000,000,000 Global Covered Bond programme
October 2012
Publication of Prospectus
The Prospectus for the Co-operative Bank p.l.c. £4,000,000,000 Euro Note Programme.
September 2012
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
August 2012
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.
July 2012
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
April 2012
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.
March 2012
Financial Institution Status
Co-operative Group Limited (CGL) has been informed by the Financial Services Authority that it is a "financial institution"
January 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
Read more
December 2011
The Co-operative Group statement re: Lloyds Banking Group branch assets
The Co-operative Group today is pleased to confirm that it has been granted preferred bidder status in the process currently being run for the sale of the Lloyds Banking Group branch assets.
Read the full announcement
Notice to covered bondholders
RNS - Covered Bond Collection Account ChangesDeclaration of Trust for Moorland Covered Bonds LLP
Technical Changes to the Moorland Covered Bond documentation relating to change of bank account.
Further information (PDF 0.1MB).
November 2011
Notice to covered bondholders
This notice is important and requires the immediate attention of covered bondholders. If covered bondholders are
in any doubt as to the consequences of this notice, they should seek their own financial and legal advice, including
as to any tax consequences, immediately from their stockbroker, solicitor, accountant or other independent financial
or legal adviser.
Read the full
announcement
Covered Bond Issue
On 4th November The Co-operative Bank plc announced it had issued £600m fixed rate covered bonds from its
Moorland Covered Bond Programme. Please see the Final terms document beneath for more information.
RNS Final Terms (PDF 0.2MB)
Final terms (PDF 0.7MB)
Second bid for Lloyds Banking Group branches
Co-operative Group Limited, the ultimate parent of The Co-operative Bank plc, today confirms that it intends this week to submit a second round bid in the process currently being run for the sale of the Lloyds Banking Group branch assets.
October 2011
Moody's credit rating announcement
September 2011
Termination of Covered Bond
On 15th September the Floating rate Covered Bonds due september 2011 were redeemed in accordance with their terms. Further information (PDF 0.1MB).
July 2011
Financial Results
Our interim results for the period ending 30th June 2011 have now been published, please see our Interim Results 2011 (PDF - 0.7MB).
To see our previous reports please see our previous financial results.
Directors Changes
To find out about recent directors changes, please follow the links below:
Recent Directors Changes (PDF 0.1MB)
Neville Richardson announcement (PDF 0.1MB)
May 2011
Payment Protection Insurance Statement
On the 17th May 2011 The Co-operative Bank p.l.c made a market statement regarding payment protection insurance. Full details are available in the Payment Protection Insurance Statement (PDF – 0.1MB).
March 2011
Euro Medium Term Note Programme
On 30th March The Co-operative Bank p.l.c made a market statement in relation to the EUR 300,000,000 Floating Rate Callable Step-up Dated Subordinated Notes due 2016. Full details are available in the RNS Announcement 2010 (PDF 0.1MB).
Market updates on market tier to exchange:
- New Issue Terms Announcement - Currency and Maturity of New Notes (PDF - 0.1MB)
- Minimum New Issue Yield Announcement (PDF – 0.1MB)
- Pricing and Results Announcement (PDF – 0.1MB)
October 2009
Pioneer Covered Bond
Programme Changes
On the 23rd October 2009 The Co-operative Bank p.l.c implemented various changes to the Pioneer Covered Bond programme.
View a summary of the changes (PDF 0.1MB)
January 2009
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.
Read the full
announcement or
Find out more about the merger
with Britannia
