Created by Anna Mileiko 
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.
In 2022, Bank of Scotland achieved the position of 8th largest bank in the United Kingdom with a market share of 3.42%; its total assets grew by 1.67%.
Additionally, the bank became the 86th profitable bank in relation to its total assets showcasing 0.37% return on assets and 7.90% return on equity in 2022.
Also the lender held the 7th position regarging its loans-to-deposits (L/D) registering 170.39% L/D ratio in 2022.
Deposits up to 85,000 GBP are covered by the United Kingdom's deposit guarantee scheme in Bank of Scotland.
United KingdomBecoming a client of Bank of Scotland can be done in a few steps:
Bank of Scotland performs client's identity verification via branch visit.
branch
online banking
mobile app
post office
In 2023 total assets of Bank of Scotland were 321,11 bln GBP. In 2023 the bank's annual profit was 335,00 mln GBP. Bank of Scotland had 21 918 employees in 2023.
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).
Financial Services Compensation Scheme (FSCS)Bank of Scotland 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. Bank of Scotland is a member of Financial Services Compensation Scheme (FSCS) and makes its contributions into it.
Lloyds Banking Group (United Kingdom)
2nd floor, Princes, 1 Earl Grey Street, EH1 1YZ, Edinburgh, United Kingdom
01313392573Bank of Scotland is headquartered in Edinburgh.
Bank of Scotland has profiles at the following social networks:
Bank of Scotland is authorized and supervised by the Financial Conduct Authority (reference number 169628).
