The chair of the Co-operative Group, Allan Leighton, has confirmed in public the Group's continuing commitment to the bank.

Responding to a question from Save Our Bank's Shaun Fensom at the Co-operative Group's AGM on 21 May, Leighton said that the Group would shortly appoint a director to the bank's board and wasn't interested in the price it would get for its shareholding.

Many thousands of Co-operative Group members (along with members of other co-op societies) who have remained loyal to the bank will be reassured by this sign of a continuing co-operative interest.