Tesco Personal Finance PLC

 (3.6; 16 ratings)
3.6 16
Business Focus
retail banking

Tesco Personal Finance was established in 1997, as a joint venture between Tesco Group and Royal Bank of Scotland. In 2008, Tesco bought out the RBS’s share and introduced the new name, Tesco Bank. Tesco Bank provides financial products and services (insurance, savings and current accounts, credit cards, personal loans and mortgages) to the customers who shop at Tesco stores.

Services

retail banking

Clients

individuals

Area Served

GBUnited Kingdom

Products

current accounts
credit cards
savings accounts
time deposit accounts
ISA accounts
personal loans
mortgage loans
travel money

Ways to Bank

Tesco Personal Finance PLC delivers its products and services through both direct and indirect channels, namely:
retail store
online banking
mobile app
phone

Financials

Total Assets of Tesco Personal Finance PLC
Annual_profit of Tesco Personal Finance PLC
Market Share of Tesco Personal Finance PLC
Total Assets (2018)
14,312.40 mln GBP  (+13.97%)
Annual Profit (2018)
141.10 mln GBP  (+2.69%)

Tesco Personal Finance PLC is the 34th largest bank in the United Kingdom in terms of total assets. In 2018 its total assets were 14 312,40 mln GBP, providing the bank with the market share of 0.16%. In 2018 the bank's annual profit was 141,10 mln GBP.

Deposit Guarantee

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

Tesco Personal Finance 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. Tesco Personal Finance PLC is a member of Financial Services Compensation Scheme (FSCS) and makes its contributions into it.

Contacts

Interpoint Building, 22 Haymarket Yards, EH3 5EB, Edinburgh, United Kingdom

Tesco Personal Finance PLC is headquartered in Edinburgh.

Bank Identifiers

LEI
213800J17G8WI3MJ5660
Company Number
SC173199
MFI ID
GB2485

Bank Supervision

Supervised By
Financial Conduct Authority
Reference Number
186022

Tesco Personal Finance PLC is authorized and supervised by the Financial Conduct Authority (reference number 186022).

Bank History

Start Date
March 1997