Co-op Bank Announces Record Profits
The Co-op Bank has posted record profits, making ten years of growth
7th April 2004
The Co-operative Bank has become the latest bank to announce record performance, with pre-tax profits for 2003/4 rising 6.2% to £130m. Part of the profits will be distributed amongst its employees as an annual bonus.
The bank attributed the profits rise to a combination of higher lending and general growth, with its expansion of its cashpoint network by 500 giving the company greater visibility on the high street.
The Co-op, which owns the internet bank Smile, is well known for its Ethical Investment Policy.
Read More: Telegraph
|
Products from Co-op Bank : Co-Op Travel Card, Co-op Advantage Platinum, Co-op Clear Card, Co-op Unsecured Loans, Co-operative Bank Car Loans |
|
More on Bank Profits and Charges : OFT Turns Attention to Overdraft Charges (News, 07/09/2006), Banks Slash Penalty Charges (News, 05/06/2006), Banking Complaints up 50% (News, 03/05/2006), Euro Competition Warning for Credit Card Companies (News, 14/04/2006), Banks Threaten End to Free Banking (News, 10/04/2006), See all 33 Bank Profits and Charges stories >>> |
Home - Banking
