Mo., Okt. 23rd 2023
Coop, the retail chain, is set to offer banking products in the future. To do this, they are working with two banks.
Coop and Hypothekarbank Lenzburg have announced a partnership to provide banking products to Coop customers.
Further details of the collaboration will be released at a later date at an official launch. Coop is collaborating with Glarner Kantonalbank (GLKB) as well as Liberty 3a Vorsorgestiftung and other partners from the financial and services industry, as GLKB announced on Monday.
This second cooperation is focused on products in the area of retirement planning. The Cantonal Bank and Liberty 3a Pension Foundation have partnered to provide retirement solutions.
The Cantonal Bank will act as the depository bank and asset manager for Liberty 3a Pension Foundation. This partnership is in line with the recently introduced “Fokus26” strategy and is part of an effort to strengthen retirement planning services.
In the past, Coop had its own bank, which was partially listed on the Swiss Stock Exchange SIX. For a long time, the Basel Cantonal Bank (BKB) was the majority shareholder until the Cantonal Bank fully acquired Bank Coop in 2018. In 2017, it was already renamed Bank Cler.
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