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The Co-operative Bank*
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Partners |  Partnership Report 2002 |  Our Performance |  Home
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The Bank and its
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Financial Statements 2002
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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. The Co-operative Group's ownership of the bank and CIS is now held through Co-operative Financial Services, an Industrial and Provident Society. For up to date information visit the bank's website ii. Shareholders
priorities and performance measures
The Co-operative Group is the largest consumer co-operative in the world with sales of £7.8 billion in 2002. The group employs over 70,000 people and trades with millions of people across the UK every day through shops, department stores, travel agents, banking, insurance, funeral homes and farms. 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 2002 iii. Virtually all aspects of the bank's performance are of relevance to the bank's sole equity shareholder. A summary of the bank's financial performance is presented in the Delivering Value section (follow this link for further details of the bank's financial performance). The bank's Financial Statements for 2002, audited by KPMG Audit plc, are available on the bank's website.iv *
  1. www.co-op.co.uk
  2. www.co-operativebank.co.uk
  3. www.co-op.co.uk
  4. www.co-operativebank.co.uk
To follow any of the links mentioned within the Partnership Report 2002, please visit the links page.
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The above data and commentary has been audited by ethics etc...
Data, commentary and performance assured in accordance with AA1000as.