Archive for the ‘ethical policy’ Category

Belma & Sangeeta in Sarajevo

Thursday, November 13th, 2008


Belma & Sangeeta in Sarajevo from CFS on Vimeo. Youtube alternative here.

Belma and Sangeeta in the tunnel underneath Sarajevo that was used during the war, man showing photos and remnants from the war when the tunnel was used. Soliders used the tunnel to ship food aid through…

Belma goes back to School

Thursday, November 13th, 2008


Back to school from CFS on Vimeo.

In this clip Belma takes us back to her old school, which was used by the Bosnian army as a base.
Then she goes to the town centre, and chats with an old couple about Bosnia.

Youtube alternative here

This used to be my playground

Monday, October 20th, 2008


Playground from CFS on Vimeo. Youtube alternative here.

Belma takes Sangeeta back to her childhood another moving chapter!

CFS half year results

Friday, September 19th, 2008

On the 11th September we announced our interim results which show that CFS has, to a far greater extent than the majority of our competitors, weathered the current storm in the financial markets. We’ve continued to do this in a sustainable manner,  (as our investments are all in line with our customer-led ethical policy - a first, and unique, amongst UK high street banks. )

Financial Highlights

  • Total shareholder profit before tax, significant items and short-term investment fluctuations was £73.4m (2007: £38.0m) an increase of £35.4m.

Key points:

  • £46.2m profit from Banking activities (2007: £45.5m),
  • £1.5m technical loss from General Insurance (2007: £33.3m loss) an improvement of £31.8m from 2007 which was affected by exceptional weather
  • Bank net revenue increased by £15.7m with an increase in net interest income of £13.3m and an increase of £2.4m in non-interest income.
  • Bad debts fell to £45.3m (2007:  £53.2m).
  • General Insurance claims ratio fell by 19.5% to 74% (2007: 93.5%). (Long-term business in Life and Savings is transacted on a mutual basis with all profits retained for the benefit of policyholders)

David Anderson, our Chief Exec said: “These results reflect a very solid performance in what is currently a tough market. Whilst we aren’t immune from the economic consequences of the credit crunch we strongly believe that by demonstrating that building your business on strong ethical principles and by delivering evidence of clear ethics in action, such as our involvement in microfinance, we will continue building on the trust and responsibility associated with The Co-operative brand”.

The Bank’s ethical policy is being renewed this year - if you want to be involved in the vote, you can get more information here.