The financial climate - your questions answered
How do I know my money is safe with The Co-operative Bank p.l.c.?
- How do I know my money is safe with The Co-operative Bank p.l.c.?
- Will The Co-operative Bank p.l.c. encounter problems in a recession?
- Is what happened to Northern Rock or HBOS likely to happen to you?
- Will what's happening affect my pension or investment with The Co-operative?
- Does the current crisis affect your ability to pay general insurance claims?
- What is the Financial Services Compensation Scheme?
- Is my money covered under the Financial Services Compensation Scheme?
Our firmly embedded responsible lending policy reflects our belief that, as customers and members, it's your money first and foremost; so you have a right to expect good stewardship.
The bank's financial position is strong, which is reflected in our credit ratings. We also have one of the highest liquidity ratios in the marketplace - that is, our assets are relatively easy to convert into cash should we need to. On top of this the bank is well capitalised, i.e. we have a good cushion of reserves.
The bank maintains a prudent approach to lending, and its underwriting and arrears management processes are subject to regular review and improvements. The bank's loan books are high quality with low Loan to Value ratios, which provide significant protection against future falls in property values.
For a more detailed view our recent press coverage.
