Key financial figures for the Co-operative bank 2018-2020

Founded in 1872, the Co-operative Bank is the only high street bank in the United Kingdom (UK) with an incorporated customer-led Ethical Policy. In response to a Co-operative customer poll, the bank no longer provides services that conflict with it's customers ethics. In 2019, the Co-operative bank saw loans and advances to customers increase from the previous year.

Challenger banks

The term 'Challenger Bank' is used as a description of banks and financial services that were created after the Global Financial Crisis and have made significant impact in 'challenging' incumbent large banks or have had a significant impact on the market. KPMG describe four main areas in which challenger banks have appeared in the market in the United Kingdom. These include full-service retail banks such as CYBG/Virgin Money, Metro Bank, TSB Bank and the Co-op, Specialist lenders such as OneSavings Bank and Aldermore, retailer banks including Tesco's and Sainsbury's and Digital Banks. As the newest and perhaps the most exciting facet of challenger banks, Digital banks are mobile app-based banks that do not have a physical presence on the high street. Due to their simplicity and ease of use they have attracted significant attention from customers and investors alike.