Bank of Scotland

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.

Financials

Total Assets (2017)
376.58 bln GBP  (+4.80%)
Annual Profit (2017)
1 988.00 mln GBP  (-11.17%)

Bank of Scotland is the 6th largest bank in the United Kingdom in terms of total assets. In 2017 its total assets were 376,58 bln GBP, providing the bank with the market share of 4.26%. In 2017 the bank's annual profit was 1 988,00 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 deposit guarantee scheme of the United Kingdom. This scheme covers accounts up to 85 000 GBP per bank per depositor.

Contacts

2nd floor, Princes, 1 Earl Grey Street, EH1 1YZ, Edinburgh, United Kingdom
01313392573

Bank of Scotland is headquartered in Edinburgh.

Bank Identifiers

MFI ID
GB0455
Company Number
SC327000
Start Date
July 2007

Financial Positions

Total Assets (2017)
376.58 bln GBP  (+4.80%)

In 2017 total assets of Bank of Scotland were 376.58 bln GBP. Growth compared to the previous period (2016) was 4.80%. The evolution of the total assets of Bank of Scotland is shown at Chart 1 below.

Total Assets of Bank of Scotland.

Chart 1. Total Assets of Bank of Scotland.

Profit and Loss

Annual Profit (2017)
1 988.00 mln GBP  (-11.17%)

In 2017 annual profit of Bank of Scotland was 1 988.00 mln GBP. Decline compared to the previous period (2016) was -11.17%. The evolution of the annual profit of Bank of Scotland is shown at Chart 2 below.

Annual Profit of Bank of Scotland.

Chart 2. Annual Profit of Bank of Scotland.

Market Share and Rank (among banks in the United Kingdom)

Total Assets (2017)
6th (market share 4.26%)

In 2017 Bank of Scotland was ranked the 6th largest bank in the United Kingdom in terms of total assets, having 4.26% of the domestic market share.

Market share of Bank of Scotland (among banks in the United Kingdom)

Chart 3. Market share of Bank of Scotland (among banks in the United Kingdom)

Several banks having the market shares and ranks closest to Bank of Scotland are shown below.

RankNameTotal AssetsMarket Share
5J.P. Morgan Securities plc620914.74 mln USD5.20%
6Bank of Scotland376575.00 mln GBP4.26%
7Morgan Stanley Bank International Ltd461362.00 mln USD3.86%
 

Credit Ratings (as of May 2018)

Fitch Moody's
A+ (high credit quality) Aa3 (high grade)

Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government. Bank of Scotland is rated by Fitch and Moody's.

Credit ratings assigned to Bank of Scotland as of May 2018 are shown in details in the following sections.

Fitch

Long-term issuer default rating is Fitch's view of a credit institution's relative vulnerability to default on its financial obligations, for Bank of Scotland it is set to A+ (high credit quality), outlook is stable (not likely to change). The rating is not on watch. Short-term issuer default rating for Bank of Scotland is set to F1 (highest short-term credit quality).

Long-Term Issuer Default Rating  A+
    Outlook  stable
    On Watch  No
Short-Term Issuer Default Rating  F1
Viability Rating  a
Support Rating  5
Support Rating Floor  NF

Viability rating for Bank of Scotland is set to a (high fundamental credit quality); support rating is 5 (there is a possibility of external support, but it cannot be relied upon); support rating floor is NF (no floor; no reasonable presumption of potential support being forthcoming).

Moody's

Long-term rating for Bank of Scotland it is set to Aa3 (high grade). Long-term bank deposit rating is Aa3 (high grade). Baseline credit assessment is a3. Short-term rating is not assigned.

Long-Term Rating  Aa3
Long-Term Bank Deposit Rating  Aa3
Baseline Credit Assessment  a3
Short-Term Rating  -
Outlook  stable

Outlook for the ratings of Bank of Scotland is set to stable (not likely to change).

Deposit Guarantee

Deposit Guarantee
Yes (up to 85 000 GBP per depositor)

Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.

All credit institutions operating in the United Kingdom are obliged to participate in the United Kingdom's deposit guarantee scheme.

In the case of Bank of Scotland failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Eligible Depositors  private individuals, small companies
Covered Currencies  all
Maximum Protected Amount  85 000 GBP
Paid In Currency  GBP

Further Information

MFI ID

MFI ID (Monetary Financial Institution Identifier) is a code, unique to each institution in the MFI list provided by ECB (European Central Bank). MFI ID is hence applicable to MFIs resident in the European Union.

The code is alphanumerical, with the first two digits representing the two-digit ISO code for the country of residence of the MFI and the remaining number of digits (no limit has been specified) is any combination of alphanumerical characters.

MFI ID of Bank of Scotland is shown in the table below.

MFI ID  GB0455

Company Registration Number

Company Registration Number is a distinctive code issued upon registration of a new company. This code can be used to find data about the company in a national company register.

Company Number  SC327000

European Presence: 5 banks in 5 countries

Bank of Scotland operates under the brand of the same name (Bank of Scotland) which has presence in the following European countries and selected dependent territories of the European countries:

France

Germany

Italy

Netherlands

United Kingdom

  • (this bank) Bank of Scotland (Edinburgh)

Defunct Banks: 3 banks in 3 countries

The following banks operating under Bank of Scotland brand name has been recently closed down:

Cayman Islands

Isle of Man

Spain