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Last $2.26 USD
Change Today 0.00 / 0.00%
Volume 0.0
COOBF On Other Exchanges
Symbol
Exchange
OTC US
As of 8:10 PM 04/22/15 All times are local (Market data is delayed by at least 15 minutes).

co-operative bank plc (COOBF) Snapshot

Open
$2.26
Previous Close
$2.26
Day High
$2.26
Day Low
$2.26
52 Week High
04/22/15 - $2.26
52 Week Low
04/22/15 - $2.26
Market Cap
1.0B
Average Volume 10 Days
0.0
EPS TTM
--
Shares Outstanding
451.5M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for CO-OPERATIVE BANK PLC (COOBF)

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co-operative bank plc (COOBF) Details

The Co-operative Bank plc provides banking and financial services to individuals, sole traders, and small partnerships in the United Kingdom. Its personal banking products and services include current accounts, savings accounts, mortgages, personal loans, car loans, professional and career development loans, home improvement loans, credit cards, and investment products. The company also offers business banking products, such as current accounts, deposit accounts, and community banking products; and lending products comprising business charge cards, overdrafts, and fixed and variable rate loans. In addition, it offers commercial banking products and services, including business current accounts, and deposit accounts and investments; lending and finance products; and cheque/cash processing, bankers automated clearing/clearing house automated payment system, merchant, payment collection, cheque payment, faster payment, treasury, and foreign banking services, as well as provides charge and ATM cards. Further the company offers insurance products comprising self-employed, office and surgery, shop and salon, landlord, pub, restaurant, hotel, motor fleet, and motor trade insurance, as well as provides offshore, online, and mobile banking services. It operates under its own brand, as well as under the smile, Platform, and Britannia brands. As of December 31, 2014, the company operated through a network of 222 branches, 17 business banking centers, 3 primary call centers, and 1,911 ATMs, as well as the Internet and digital channels. The company was founded in 1872 and is based in Manchester, the United Kingdom.

5,711 Employees
Last Reported Date: 04/21/15
Founded in 1970

co-operative bank plc (COOBF) Top Compensated Officers

Chief Executive Officer and Executive Directo...
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Finance Director and Executive Director
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Chief Operating Officer
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Head of Governance
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Chief Risk Officer and Head of COAM
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Compensation as of Fiscal Year 2014.

co-operative bank plc (COOBF) Key Developments

Co-Operative Bank plc Appoints Charles Bralver as Non-Executive Director

The Co-operative Bank p.l.c. has appointed Charles Bralver as Non-Executive Director with effect from April 23, 2015. He was nominated under the terms of the Shareholder Rights Agreement by an affiliate of Silver Point Capital L.P. a shareholder in the Bank. Under the terms of the agreement, which was entered into in May 2014 as part of the £400 million equity capital raising, the Bank granted two of its shareholders each the right to nominate a Director. Silver Point has nominated Charles whose appointment has been approved by the Bank's Board and by the Bank's regulators. Charles Bralver is a Senior Advisor on the global financial services sector to Silver Point and for the purposes of the UK Corporate Governance Code he will not be independent. Charles is currently a Board Director for Canaccord Genuity and Newstar Financial. He is the former Senior Associate Dean for International Business and Finance at the Fletcher School of Law and Diplomacy at Tufts University in Boston, USA.

Co-operative Bank to Close 57 More Branches in the Year 2015

Co-operative Bank will close 57 more branches in the year 2015 and more in the future under a turnaround plan that saw it cut 15% of its staff last year and make a loss of £264 million. Co-op Bank is trying to recover from a near collapse in 2013. The bank will reduce the network to 165 branches, down 44% over two years, and Niall Booker, CEO warned there were likely to be more closures and job cuts to come.

Co-Operative Bank plc Announces Unaudited Consolidated Earnings for the Year Ended December 31, 2014

Co-operative Bank plc announced unaudited consolidated earnings for the year ended December 31, 2014. For the year, the company reported net interest income of £345.0 million against £314.9 million a year ago. Operating income was £466.9 million against £497.1 million a year ago. Operating loss before impairment losses was £438.0 million against £805.6 million a year ago. Loss before taxation was £264.2 million against £632.8 million a year ago. Loss attributable to equity shareholders was £226.6 million against £778.2 million a year ago. Loss per share basic and fully diluted was 61.48 pence against 211.12 pence a year ago. Net cash flows used in operating activities was £1,583.2 million against £2,480.2 million a year ago. Purchase of tangible and intangible fixed assets was £74.9 million against £55.7 million a year ago.

 

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