Bank of Scotland was established in 1695 and is the oldest Scottish bank. Bank of Scotland provides a broad range of retail, private and corporate banking products and services in the United Kingdom. In the 1970s Bank of Scotland started its international expansion and now conducts selected activities globally.
Bank of Scotland is the 6th largest bank in the United Kingdom in terms of total assets. In 2018 its total assets were 343,93 bln GBP, providing the bank with the market share of 3.87%. In 2018 the bank's annual profit was 1 541,00 mln GBP.
Bank of Scotland is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is A+ (high credit quality). Long-term credit rating assigned to the bank by Moody's is Aa3 (high grade).
Bank of Scotland 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. Bank of Scotland is a member of Financial Services Compensation Scheme (FSCS) and makes its contributions into it.
Bank of Scotland is headquartered in Edinburgh.