bank-r-and-a

Overview Strategic report Corporate governance Risk management Financial statements Other information
Group structure
The Bank’s ownership structure changed in December 2013 as a result of the LME. The charts below set out the structure as it was at 31 December in each
of 2012 and 2013.
The Bank has adopted governance and other internal structures so that its businesses are run and governed separately and the Bank has its own Board
and management team. Following the changes illustrated below, The Co-operative Group remains the single largest shareholder of the Bank and no other
shareholder owns more than 9.9% of the Bank’s shares. New shareholders are former owners of the Bank’s subordinated bonds who received or subscribed
for shares as part of the LME.
The Co-operative Group and The Co-operative Banking Group are described as being the parent of the Bank interchangeably in this report and accounts.
Ownership of the Bank as at 31 December 2012 1
Co-operative Group Limited
100%
Co-operative
Banking Group Limited
100%
The Co-operative Bank plc
CFS Management Services Limited
Other Subsidiaries
Ownership of the Bank as at 31 December 2013
New Shareholders
Co-operative Group Limited
100%
70%
Co-operative
Banking Group Limited
30%
The Co-operative Bank plc
CFS Management Services Limited
Other Subsidiaries
1. At 31 December 2012, of the 8.2 billion ordinary shares then issued in the Bank, 8,199,999,960 were held by The Co-operative Banking Group and 40 were held directly by Group.
30
The Co-operative Bank plc Annual report and accounts 2013