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The Co-operative Bank*
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Partners |  Partnership Report 2001 |  Our Performance |  Home
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The Bank and its
Partners

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Financial Statements 2001

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Partners : Shareholders
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who
The bank is a public limited company and its sole equity shareholder is Co-operative Group (CWS) Ltd. or the Co-operative Group for short i. The bank also has approximately 2,500 preference shareholders who receive a half yearly fixed dividend. In future, the Co-operative Group's ownership of the bank and CIS will be held through Co-operative Financial Services, a new Industrial and Provident Society (follow this link for further details of Co-operative Financial Services). For up to date information visit the bank's website v. Shareholders
priorities and performance measures
The Co-operative Group is a £5 billion turnover co-operative society, employing over 60,000 people and trading with millions of people across the UK every day. With shops, department stores, travel agents, banking, insurance, funeral branches and farms, the Group is the largest consumer co-operative in the world. The Group's purpose is to be a successful co-operative business. It strives to provide what members want, whilst going about its business in an ethical manner and remaining true to the values and principles that bind all co-operatives together. Issues of co-operation, ecology and social responsibility are of real concern to the Co-operative Group, as detailed in its Social Accountability Report 2001iv. Virtually all aspects of the bank's performance are of relevance to the bank's sole equity shareholder. Follow this link for a summary of the bank's financial performance in 2001. Follow this link for a full copy of the bank's Financial Statements for 2001, audited by KPMG. *
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The above data and commentary has been audited by ethics etc...