BRIEF-Co-Operative Bank says to identify 62 mln stg from Visa Inc-Visa Europe deal

Co-operative Bank Plc: * Confirmation of profits from sale of Visa Europe Limited
to Visa Inc. * Co-Operative Bank Plc – Bank’s initial share of sale
earnings was anticipated to consist of a mix of cash preferred stock,
and contingent earn-out consideration

* As validated in an announcement published by VI yesterday,
this transaction has actually now closed

* General gain which bank will recognise from this
deal in its 2016 interim financial report is
roughly 62 million stg

* Of which 51 mln stg was currently recognised in capital
resources as at 31 December 2015 within available for sale
reserve.

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