Profits held steady at The Co-operative Bank while its income rose during the first half of 2023.
The Manchester-headquartered bank has reported pre-tax profits of £61.8m for the six months to June 30, compared to £61.9m in the same period in 2022.
The bank's total income rose from £229.6m to £266.5m over the same period.
READ MORE: Click here to sign up to the BusinessLive North West newsletter
Chief executive Nick Slape said: "In the first half of 2023, we have delivered a strong financial performance with a statutory profit before tax of £61.8m and a statutory return on tangible equity of 13.0%.
"We have made good progress on our mortgage and savings transformation program having launched a third new savings product, completed the insourcing of Capita colleagues and migrated c.60% of our existing savings accounts.
"Our low risk balance sheet and strong capital and liquidity positions provide a resilient foundation from which to focus on our customer driven goals in an uncertain macro-economic environment.
"I am pleased to see the investment in our customer proposition being validated and, looking to the future, I am excited by the opportunity to leverage our technology re-platforming to the benefit of both customers and colleagues alike.
Most Read
"We recognise the financial challenges that the current economic uncertainty and the cost of living crisis poses for a number of our customers and colleagues and we will continue to support them.
"We are proud to have signed up to the recent 'Mortgage Charter' offering tailored help to those customers who need it.
"I would again like to thank our colleagues and customers for their continued support."