Created by Anna Mileiko 
Marks & Spencer Financial Services (branded as M&S Bank) is a financial division of Marks & Spencer, a major British multinational retailer. M&S Bank aims to bring trusted M&S values to banking and provide its customers with a fresh new experience. M&S Bank provides a broad range of retail banking and insurance products and services.
In 2022, Marks & Spencer Financial Services Ltd achieved the position of 64th largest bank in the United Kingdom with a market share of 0.05%; its total assets grew by 6.27%.
Additionally, the bank became the 62nd profitable bank in relation to its total assets showcasing 0.61% return on assets and 5.56% return on equity in 2022.
Also the lender held the 15th position regarging its loans-to-deposits (L/D) registering 113.53% L/D ratio in 2022.
Deposits up to 85,000 GBP are covered by the United Kingdom's deposit guarantee scheme in Marks & Spencer Financial Services Ltd.
United Kingdom
Becoming a client of Marks & Spencer Financial Services Ltd can be done in a few steps:
online banking
mobile app
retail store
In 2023 total assets of Marks & Spencer Financial Services Ltd were 4 514,97 mln GBP. In 2023 the bank's annual profit was 43,45 mln GBP. Marks & Spencer Financial Services Ltd had 833 employees in 2023.
Financial Services Compensation Scheme (FSCS)Marks & Spencer Financial Services Ltd 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. Marks & Spencer Financial Services Ltd is a member of Financial Services Compensation Scheme (FSCS) and makes its contributions into it.
Kings Meadow, Wrexham Road, CH99 1DS, Chester X, United Kingdom
210
44 08459000900
44 01244686258Marks & Spencer Financial Services Ltd is headquartered in Chester X.
Marks & Spencer Financial Services Ltd is authorized and supervised by the Financial Conduct Authority (reference number 151427).
