The Co-Operative Bank p.l.c.
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The Co-Operative Bank p.l.c. - overview
Established
1872
Location
Manchester, -, UK
Primary Industry
Financial Services
About
The Co-Operative Bank p. l. c. is a UK-based ethical bank offering a wide array of personal and business banking services, prioritizing social responsibility and community engagement.
The Co-Operative Bank p. l. c. specializes in banking services and was founded in 1872 in Manchester, UK.
The bank has undergone strategic changes and was recently acquired by Coventry Building Society in May 2024 for GBP 780 million from Bain Capital and JC Flowers & Co. The current CEO is Dhanya Rajesh, along with Nick Slape, Phuoc Nguyen, and Vít Dornicák. The Co-operative Bank provides diverse financial products and services designed for both individuals and businesses. Its offerings include personal and business banking solutions such as current and savings accounts, credit cards, mortgages, and loans, all with a focus on ethical banking practices.
In 2024, The Co-operative Bank generated revenue of GBP 1,594,962,074. 70 and achieved an EBITDA of GBP 696,190,273. 30. Revenue streams include transaction fees, interest from loans and mortgages, and charges associated with credit card services.
The acquisition by Coventry Building Society will enable The Co-Operative Bank to strengthen its financial mortgages and savings solutions for its clients. The bank plans to enhance its service offerings and expand its market presence in the UK following the recent acquisition finalized on May 24, 2024.
Current Investors
Bain Capital, JC Flowers
Primary Industry
Financial Services
Sub Industries
Retail Banks, Mortgage Banking, e-Financial, Credit Collections & Services, Consumer Finance, Commercial Banks
Website
www.co-operativebank.co.uk
Verticals
FinTech, FinTech, Mobile Apps
Company Stage
Mature - Buyout
Total Amount Raised
Subscriber access only
The Co-Operative Bank p.l.c. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Trade Sale | Completed | The Co-Operative Bank p.l.c. | - | ||||||||
| Buyout | Completed | The Co-Operative Bank p.l.c. | - |
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