13 February 2017 – Co-operative Bank contract updateAdd New
Capita and The Co-operative Bank have resolved their contractual differences. Western Mortgage Services, which is part of Capita, will continue to provide mortgage administration services and new mortgage application processing for The Co-operative Bank and its clients. Work on the IT system transformation will cease. The amended contract will run until December 2020 and there is an option to extend. The shares remain a BUY.