Bank releases 2017 results

The Co-operative Bank has released its full results for 2017.

This shows a loss of £140m, compared with £477m the previous year.

(The loss was offset by a gain from recapitalisation and restructuring during the year of £356m)

The CET1 ratio (a measure of how much raw capital the bank has to fall back on if things go bad - a measure regulators are very interested in) went up from 11% to 24.7%.

Prime current account holders (paying in £800/month on average or more) went down from 664,000 to 648,000 - a loss of 16,000.

The board has 9 members, one of whom is a woman - one less than 2016. Two out of seven executive managers are women (3 in 2016).

The bank says the NPS (Net Promoter Score) has gone up from 17 to 20. This is a "measure showing how likely a customer is to recommend The Co-operative Bank as a current account provider." Earlier this month the bank came third in the MoneySavingExpert poll for customer service.

You can read the full report here.