March 9, 2017 / 7:14 AM / in 4 months

BRIEF-Britain's Co-Operative bank reports annual loss of 477 million pounds

1 Min Read

March 9 (Reuters) - Co-operative Bank Plc

* Statutory loss before taxation, still impacted by legacy issues, has reduced to £477.1m

* Net interest income decreased by £76.7m to £394.8m (

* Conduct and legal risk charges reduced by £168.8m to £24.9m

* Bank's common equity tier 1 (cet1) ratio stood at 11.0% at 31 december 2016

* As an alternative to a sale, bank's plan seeks to raise an additional £700m to £750m of cet1 resources.

* Only a few weeks into sale process but pleased with interest to date and engaging with potential bidders as planned. Source text for Eikon: Further company coverage: (Reporting by Lawrence White)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below