Sainsbury’s Bank was incorporated in 1997, making Sainsbury’s the first major British supermarket to open a bank. Sainsbury’s Bank offers a range retail banking products including travel money, insurances, credit cards, savings and loans; these products are provided through multiple channels, including in-store, by telephone and online.
Sainsbury's Bank plc is the 49th largest bank in the United Kingdom in terms of total assets. In 2017 its total assets were 5 794,00 mln GBP, providing the bank with the market share of 0.07%. In 2017 the bank's annual profit was -4,00 mln GBP.
Sainsbury's Bank plc participates in deposit guarantee scheme of the United Kingdom. This scheme covers accounts up to 85,000 GBP per bank per depositor.
Sainsbury's Bank plc is headquartered in Edinburgh.