Co-operative Bank is to close 57 branches in 2015, following the closure of 72 branches in 2014.
The closures were announced in the company’s annual report for the year ending 31 December 2014, which posts an operating loss of £55.3m and a statutory loss before tax of £264.2m.
The company also announced today that Niall Booker would remain chief executive of the bank until 2016.
Booker said: “Over the course of 2014 the management team has continued to take significant steps to implement the strategy and to turn the bank around.
The performance of the core bank has begun to stabilise, and we aim to build on this in 2015 by continuing to invest in our brand and developing our products guided by our expanded ethical policy.”
