Incorporated in 1994, Scottish Widows Bank is a banking division of Scottish Widows, life, pension and investment company located in Edinburgh (Scotland). Scottish Widows Bank provides savings and mortgage solutions.
Scottish Widows Bank plc was the 42nd largest bank in the United Kingdom in terms of total assets. In 2016 its total assets were 7 638,95 mln GBP, providing the bank with the market share of 0.08%. In 2016 the bank's annual profit was 39,05 mln GBP.
Scottish Widows Bank plc participates in the deposit guarantee scheme of the United Kingdom. This deposit guarantee scheme 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. Scottish Widows Bank plc is a member of Financial Services Compensation Scheme (FSCS) and makes its contributions into it.
Scottish Widows Bank plc is a member of Lloyds Banking Group (United Kingdom).
Scottish Widows Bank plc was headquartered in Edinburgh.
Scottish Widows Bank plc was authorized and supervised by the Financial Conduct Authority (reference number 201601).