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Birmingham Post
Birmingham Post
Business
Jon Robinson

The Co-operative Bank hails 'positive momentum' as profits jump by £100m

BusinessLive

The Co-operative Bank has hailed its "positive momentum" after its pre-tax profits jumped by over £100m during its latest financial year.

The Manchester-headquartered bank has posted profits of £132.6m for 2022, up from the £31.1m it achieved in 2021. That previous figure was the first time the bank had posted a full-year profit in a decade.

New figures also show the bank's total income rose from £361.5m to £499.4m in 2022.

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