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 plc has Category B banking license number 81017 issued by the Cayman Islands Monetary Authority. This type of license allows Bank of Scotland plc to conduct banking operations with non-residents and domestic banking business with other Cayman Islands licenced entities.
There is no deposit guarantee scheme in the Cayman Islands: in the case of Bank of Scotland plc failure its depositors will not get any compensation.
Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.
There is no deposit guarantee scheme in the Cayman Islands.
In the case of Bank of Scotland plc failure its depositors will not be paid out any compensation.
The following banks operating under Bank of Scotland brand name has been recently closed down: