//
you're reading...
Financial Integrity, Football

Co-operative Bank Risk Management: Football loans being managed for rundown or exit

Just had a look at the Co-operative Bank plc Annual report and accounts 2013 and it looks like they don’t want a bar of the Celtic plc loans which are the largest Football club loans.

Let’s have a look at Risk Management and the Football clubs categories:

Football coop bank risk management 2013

Now under the first category BaCB there are zero Football Club loans. What does BaCB mean in the Glossary:

BaCB

Under the second category Corporate CoAM we have the Celtic loans of £32.2 million. And what does CoAM mean in the Glossary:

CoAM

In other words the Co-operative Bank Risk Management team has woken up and decided that the Celtic plc loans are uneconomic and a financial disaster and have to be unwound asap.

Presumably the Hedge Funds controlling the bank are of the same mind except they tend to act a bit quicker.

 ©footballtaxhavens.wordpress.com 2014 CC-by icon

Advertisements

Discussion

One thought on “Co-operative Bank Risk Management: Football loans being managed for rundown or exit

  1. Oh dear, looks like the smelly stuff is moving a little quicker in the direction of the fan

    Posted by Scott Macboy | April 18, 2014, 8:00 am

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: