Smile Bank Latest News

Britannia has merged with The Co-operative Bank, part of The Co-operative Financial Services. The merger was approved by the Financial Services Authority on 24 July 2009 and became effective on 1 August 2009.

Smile Bank Profile
Smile is a division of the Co-operative Bank that was established in 1999 as the first true internet bank in the United Kingdom.
Contact Details
PO Box 600
Delf House
Tel 0870 843 2265
The Co-operative Bank is a member of the Financial Services Compensation Scheme.
Recent awards include 2008
Best Remortgage and Best First-time buyer mortgage (moneywise)

Smile Product Range
Smile's offerings include current accounts, credit cards, mortgages, no notice savings accounts, fixed term bonds, child trust funds, ISA's, insurance and student accounts.

The Cooperative Financial Services Results Year Ended 31/12/2010.
The Cooperative Bank (which includes the brands smile, Britannia and Platform) and The Cooperative Insurance  has over 8 million customers and £47.6bn in total shareholder assets.

The Group produced profits before tax, distributions and fair value amortisation of £128.1m (2.9% higher than 2009). The Co-operative Bank core tier 1 ratio was 9.6% (2009: 8.7%). The number of primary current accounts held by customers increased by 17% in 2010; primary current accounts reflect those which a customer treats as their main bank account. In addition, the number of customers switching current account  increased by 79% during 2010. The quality of the mortgage book remains high with a combined average loan to value of 41.8%. savings accounts,current accounts,mortgages,insurance,fixed rate bonds,