Sainsbury's Bank
Bank of the United Kingdom / From Wikipedia, the free encyclopedia
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Sainsbury's Bank plc is a British bank wholly owned by Sainsbury's, a national supermarket chain in the United Kingdom. The bank began trading on 19 February 1997 as a joint venture between J Sainsbury plc and Bank of Scotland. Sainsbury's took full ownership of the bank in January 2014.[2]
Quick Facts Formerly, Company type ...
Formerly | Aitken Limited (1996–1997)[1] |
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Company type | Subsidiary |
Founded | 12 November 1996; 27 years ago (1996-11-12) |
Headquarters |
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Key people | Jim Brown (CEO) |
Products | Financial services |
Parent | Sainsbury's (2014–present) |
Website | sainsburysbank |
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The bank's head office is located in Edinburgh, Scotland and its registered office in London, England.[3][4] In 2017 it had over 2.1 million active customers.[5]
On 18 January 2024, Sainsbury’s announced its intention to “phase out” its banking division but has not provided a timetable for this.[6]