Al Rayan Bank PLC vs Co-operative Bank plc
Al Rayan Bank has a blended long-term credit rating of A and Co-operative Bank A, the same grade. Al Rayan Bank and Co-operative Bank hold separate banking licences, so eligible savings with each are protected by the FSCS up to £120,000 per person separately. In the CMA's August 2026 service quality survey, 55% of Co-operative Bank's personal customers would recommend it for overall service; Al Rayan Bank is not one of the brands surveyed.
Al Rayan Bank PLC
Moody's
Co-operative Bank plc
Moody's, Fitch
Rating History Comparison
Comparison Summary
| Metric | Al Rayan Bank PLC | Co-operative Bank plc | Difference |
|---|---|---|---|
| Credit Rating | A | A | Same grade |
| Normalized Score | 75 | 75 | Equal |
| Agencies | Moody's | Moody's, Fitch | Different |
| Outlook | Stable | Stable | Same |
| Trend | NEW |
Different | |
| Investment Grade | Yes | Yes | Same |
Service record and deposit protection
| Measure | Al Rayan Bank | Co-operative Bank |
|---|---|---|
| Would recommend for overall service (CMA survey, Aug 2026, personal, GB) | not surveyed | 55% (rank 13= of 17) |
| Would recommend for online and mobile banking | not surveyed | 60% (rank 16= of 17) |
| Banking complaints per 1,000 accounts (FCA) | not published | 2.62 (2025 H1) |
| Complaints upheld by the bank | not published | 68% |
| Major operational or security incidents reported to the FCA, last 12 months | not collected | 5 (to Jun 2026) |
| Banking licence (FCA reference) | 229148 | 121885 |
Al Rayan Bank and Co-operative Bank hold separate banking licences, so eligible savings with each are protected by the FSCS up to £120,000 per person separately.
Survey: CMA / Ipsos, share of each brand's own customers who would recommend it (full rankings). Complaints: FCA firm-level data for the licence holder (all banks). Incidents: figures each bank must publish under the FCA's BCOBS 7 rules (all banks). A service score is about experience, not financial strength.Frequently asked questions
Is Al Rayan Bank or Co-operative Bank financially stronger?
Al Rayan Bank has a blended long-term credit rating of A and Co-operative Bank A, the same grade. A credit rating is an agency's opinion of a bank's ability to repay its debts, not a guarantee, and it says nothing about service.
Do Al Rayan Bank and Co-operative Bank share FSCS protection?
Al Rayan Bank and Co-operative Bank hold separate banking licences, so eligible savings with each are protected by the FSCS up to £120,000 per person separately.
Which has better customer service, Al Rayan Bank or Co-operative Bank?
In the CMA's August 2026 service quality survey, 55% of Co-operative Bank's personal customers would recommend it for overall service; Al Rayan Bank is not one of the brands surveyed. A service score reflects customers' experience, not the bank's financial strength.
Compare with Other Banks
Select another bank to compare: