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co-operative bank plc (COOBF) Details

The Co-operative Bank plc provides banking and financial services to individuals, sole traders, small partnerships in the United Kingdom. Its personal banking products and services include current accounts, savings accounts, mortgages, personal loans, professional and career development loans, homeowner 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 consisting of car, young driver, breakdown cover, home, pet, business, van, and life and health 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, 2013, the company operated through a network of 294 branches, 22 business banking centers, 3 primary call centers, and approximately 2,500 ATMs, as well as the Internet and digital channels. The company is based in Manchester, the United Kingdom. The Co-operative Bank plc is a subsidiary of The Co-operative Banking Group Limited.

7,526 Employees
Last Reported Date: 04/11/14

co-operative bank plc (COOBF) Top Compensated Officers

Chief Executive Officer and Director
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Chief Financial Officer
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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 Announces Executive Changes

Co-operative Bank plc announced that Richard Pym would step down as Chairman by the end of 2014. The Bank confirm on July 14, 2014 that Richard will leave his post on October 1, 2014. As previously announced, Dennis Holt, the Bank's Senior Independent Director, will act as interim Chairman of the Co-operative Bank from October 1, 2014 and until such time as Richard's successor has been confirmed and is in place. Dennis's experience in banking and insurance spans 36 years as an executive and a further seven as a non-executive director and Chairman, involving a wide range of economic and competitive environments.

The Co-operative Bank Appoints Maureen Laurie as Chair of Remuneration Committee

The Co-operative Bank announced the appointment of a new Independent Non-Executive Director, Maureen Laurie, to chair the Board's Remuneration Committee. Maureen is currently a Non-Executive Director and Trustee of Reuters Pension Fund and Non-Executive Director, Governor and Trustee of London Metropolitan University.

Co-operative Bank plc, Annual General Meeting, May 30, 2014

Co-operative Bank plc, Annual General Meeting, May 30, 2014. Agenda: To receive the bank's accounts, directors' report and auditor's report for the year ended December 31, 2013; to receive and approve the Directors' Remuneration Report for the year ended December 31, 2013; to elect Niall Booker as a director; to elect Richard Graeme Barclay Hardie as a director; to elect Dennis Holt as a director; to elect William Gennydd Thomas as a director; to elect Richard Pym as a director; to re-elect Richard Coates as a director; to appoint Ernst & Young LLP as auditor of the Bank; to authorise the directors to determine the auditor's remuneration; to authorise the Bank to make political donations and incur political expenditure; to authorise the directors of the Bank to allot shares; to dis-apply statutory pre-emption rights; and to authorise the Bank to apply a ratio of the fixed to variable components of total remuneration for "Remuneration Code Staff" that exceeds 1:1, provided that the ratio does not exceed 1:2.


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