Wyelands Bank Plc

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Wyelands Bank Plc Logo

Address

7 Hertford Street, W1J 7RH, London, United Kingdom

BIC

TUNGGB2LXXX

Overview

Category

Commercial banks

Business Focus

retail and corporate banking

Wyelands Bank Plc was established in 1980 to provide companies access to trade and supply chain finance solutions. Wyelands Bank Plc offers savings products to individuals and SMEs as well as B2B financial solutions to companies. Wyelands Bank Plc is a member of Wyelands Holding. In March 2020, Wyelands Bank Plc decided on a solvent wind down of the balance sheet due to the bank's lending book deterioration.

Performance

In 2023, Wyelands Bank Plc achieved the position of 201st largest bank in the United Kingdom with a market share of 0.00%; its total assets dropped by 84.25%.

Additionally, the bank became the 159th profitable bank in relation to its total assets showcasing -167.49% return on assets and -616.22% return on equity in 2023.

Deposit Protection

Deposits up to 85,000 GBP are covered by the United Kingdom's deposit guarantee scheme in Wyelands Bank Plc.

Services

retail banking
corporate banking

Products

savings accounts
time deposit accounts
trade finance
supple chain finance

Ways to Bank

Wyelands Bank Plc delivered its products and services through both direct and indirect channels, namely:
Wyelands Bank Plc Ways to Bank
branch branch
online banking online banking

Financials

Total Assets of Wyelands Bank Plc
Annual_profit of Wyelands Bank Plc
Market Share of Wyelands Bank Plc
Total Assets (2023)
889,000.00 GBP   (-84.25%)
Annual Profit (2023)
-5,472,000.00 GBP   (-56.38%)

Wyelands Bank Plc was the 201st largest bank in the United Kingdom in terms of total assets. In 2023 its total assets were 889 000,00 GBP, providing the bank with the market share of 0.00%. In 2023 the bank's annual profit was -5,47 mln GBP.

Deposit Guarantee

Guarantee Fund
Financial Services Compensation Scheme (FSCS)Financial Services Compensation Scheme (FSCS)
Protected Amount
up to 85,000 GBP
Eligible Depositors
private individuals
companies
Covered Accounts
current accounts
savings accounts
time deposit accounts

Wyelands Bank Plc participates in the deposit guarantee scheme of the United Kingdom which applies to current accounts, savings accounts, time deposit accounts made by private individuals, companies and covers up to up to 85,000 GBP per bank per depositor. Wyelands Bank Plc is a member of Financial Services Compensation Scheme (FSCS) and makes its contributions into it.

See Also

Contacts

address7 Hertford Street, W1J 7RH, London, United Kingdom
phone+44 2038890880
fax+44 1452796718
websitehttps://www.wyelandsbank.co.uk/

Wyelands Bank Plc was headquartered in London.

Social Networks

Wyelands Bank Plc has profiles at the following social networks:

Bank Identifiers

BIC (SWIFT)
TUNGGB2LXXX
LEI
213800P7EOEZ739PI598
Company Number
01536428
MFI ID
GB1130

Bank Supervision

Supervised By
Financial Conduct Authority
Reference Number
139209

Wyelands Bank Plc was authorized and supervised by the Financial Conduct Authority (reference number 139209).

Bank History

Start Date
December 1980
Close Date
May 2024
Previous Name
Tungsten Bank Plc
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