The Co-operative Group will open mini-banks in approximately 250 of its biggest convenience stores, reported The Telegraph.

In line with its strategy to double market share in financial services over five years, The Co-operative Group (Co-op) is investing GBP1 million in this project.

In areas such as Nottingham, Brighton and Hove, Co-op has already started trials. Services offered by these banks will differ between stores, said the retailer, adding that some outlets will just offer cash withdrawal services and others with staff will also advise cutomers regarding the products.

Prior to Co-op, other retailers such as Tesco, Marks & Spencer and J Sainsbury have pursued similar strategies.