World Library  
Flag as Inappropriate
Email this Article

Sainsbury's Bank

Article Id: WHEBN0000664331
Reproduction Date:

Title: Sainsbury's Bank  
Author: World Heritage Encyclopedia
Language: English
Subject: Sainsbury's, Halifax (bank), Intelligent Finance, Clydesdale Bank, The Royal Bank of Scotland
Collection: Banks Established in 1997, Banks of the United Kingdom, Sainsbury's, Supermarket Banks
Publisher: World Heritage Encyclopedia

Sainsbury's Bank

Sainsbury's Bank plc is a British bank wholly owned by Sainsbury's, a national supermarket chain in the United Kingdom. The bank began trading on 19 February 1997 as a joint venture between J Sainsbury plc and Bank of Scotland, and was the first bank to be opened by a major British supermarket. Sainsbury's took full ownership of the bank in January 2014.

The bank's head office is at 3 Lochside Avenue, Edinburgh EH12 9DJ, and it runs operations from various locations across the UK. In 2008 it had over 1.4 million active customers.


Sainsbury's and Bank of Scotland (later to become a subsidiary of Lloyds Banking Group) formed the bank as a joint venture, and it received a full banking licence from the Bank of England in January 1997. It launched on 19 February 1997.

On 8 May 2013, Sainsbury's announced it would buy the 50% share in the business owned by Lloyds Banking Group.[1] The transfer was completed on 31 January 2014, and Sainsbury's Bank became a wholly owned subsidiary of J Sainsbury plc.


The bank provides a range of financial products including insurance, credit cards, savings and loans. It is authorised by the Prudential Regulation Authority and regulated by both the Financial Conduct Authority and the Prudential Regulation Authority. Sainsbury's Bank products are linked to the Nectar reward scheme and can be applied for online or by telephone.


External links

  • flash
This article was sourced from Creative Commons Attribution-ShareAlike License; additional terms may apply. World Heritage Encyclopedia content is assembled from numerous content providers, Open Access Publishing, and in compliance with The Fair Access to Science and Technology Research Act (FASTR), Wikimedia Foundation, Inc., Public Library of Science, The Encyclopedia of Life, Open Book Publishers (OBP), PubMed, U.S. National Library of Medicine, National Center for Biotechnology Information, U.S. National Library of Medicine, National Institutes of Health (NIH), U.S. Department of Health & Human Services, and, which sources content from all federal, state, local, tribal, and territorial government publication portals (.gov, .mil, .edu). Funding for and content contributors is made possible from the U.S. Congress, E-Government Act of 2002.
Crowd sourced content that is contributed to World Heritage Encyclopedia is peer reviewed and edited by our editorial staff to ensure quality scholarly research articles.
By using this site, you agree to the Terms of Use and Privacy Policy. World Heritage Encyclopedia™ is a registered trademark of the World Public Library Association, a non-profit organization.

Copyright © World Library Foundation. All rights reserved. eBooks from Project Gutenberg are sponsored by the World Library Foundation,
a 501c(4) Member's Support Non-Profit Organization, and is NOT affiliated with any governmental agency or department.