Co-operative Bank Says It’s Exploring Strategic Opportunities

British lender Co-operative Bank said it’s seeking potential strategic opportunities following its recovery in the past few years.

The announcement, made in a filing on Wednesday, comes three months after the lender agreed to buy the £500 million ($614 million) mortgage portfolio of Sainsbury’s Bank.

However, the process of exploring further deals is at a preliminary stage, the company said, adding there’s “no guarantee that such discussions will result in any eventual transaction.” Sky News reported in October that rival lender Aldermore had considered a tie-up with Co-op Bank but decided not to proceed.

Co-op Bank also reported profit ...