The Co-operative Bank is one of the reputed companies of Manchester and it is also an important commercial bank in the United Kingdom. Co-operative Bank was established as the Loan and Deposit Department under the Co-operative Wholesale Society in the 1870s. The bank is headquartered at 1 Balloon Street in Manchester.
The ethical policy of Co-operative Bank was introduced in the year 1992. Since then it functions as an ethical bank by setting certain ethical principles for the customers. Thus, the bank does not invest in companies, who are connected in any manner with global climate change, animal testing, arms trade and genetic engineering, or engaged in activities having a harmful impact on the environment.
In the year 2002 the Bank as well as the Co-operative Insurance Society Limited were brought under a new holding society named Co-operative Financial Services Limited. The Co-operative Group implemented this.
Services of Co-operative Bank
The services of the bank are divided into 3 broad areas, which are:
- Personal Services: The personal banking
|
services range from savings and investments to maintaining current accounts, from offering loans to mortgages and from providing insurance and protection to credit cards.
- Corporate Services: The bank has been able to build great partnerships with various corporate firms, due to its principles and superb corporate services. The bank provides a number of corporate banking facilities for all kinds of businesses, public sector customers and charities with a turnover of over £1 million. The company also offers the customers from the corporate world, personalized banking services in order to fulfill their specialized requirements.
- Business Services: Business banking at Co-operative Bank is excellent for communities, charities and small businesses that have a turnover of £ 1 million. The services under this section include maintenance of business accounts, business insurance, issuing business charge and debit cards, lending of overdraft, variable rate loans and fixed rate loans and much more.
The Co-operative Bank in the United Kingdom is among the most internationally acclaimed banks of the world.
|
