Sainsbury's Bank

Type: Joint Venture
On the web: http://www.sainsburysbank.co.uk

Shoppers who come up short in the checkout queue can turn to Sainsbury's Bank. A joint venture between the UK's third-largest supermarket operator J Sainsbury (50%) and Lloyds Banking Group (50%), Sainsbury's Bank is more than a place to borrow money to buy groceries. The financial supermarket offers personal and auto loans, Visa credit cards, many types of insurance (car, home, life, travel, and pet), and savings and investment products. Sainsbury's Bank operates about 25 banking centers inside Sainsbury supermarkets as well more than 800 ATMs inside those shops. The bank also has online operations.

Officers:
Chairman: Roger Matthews
CEO: Banking - Europe

Competitors:
Barclays
HSBC Holdings
Tesco Personal Finance

Sainsbury's Bank plc

Type	Public limited
Founded	19 February 1997
Headquarters	London, England
Products	Financial services
Parent	J Sainsbury/Lloyds Banking Group
Website	http://www.sainsburysbank.co.uk

Sainsbury's Finance ATMs, Craigavon, Northern Ireland, August 2009

Sainsbury's Bank, now trading as Sainsbury's Finance, is a 50:50 joint venture between J Sainsbury (a leading UK food retailer) and Bank of Scotland (a subsidiary of Lloyds Banking Group). Sainsbury’s was the first major British supermarket to open a bank, commencing trading in February 1997. It operates under its own banking license issued by the FSA, separate from Bank of Scotland and Lloyds Banking Group.

Sainsbury’s Bank provides a range of financial products including insurance, credit cards, savings and loans. Customers can apply for products online or over the phone. Sainsbury's Bank products are linked to the Nectar reward scheme.

Sainsbury's Bank has over 1.5 million active customers with deposits in excess of £6 billion.^{[citation needed]}

External links

• Sainsbury's Bank

v • d • e Lloyds Banking Group Banking: Bank of Scotland · Cheltenham and Gloucester · Halifax · Intelligent Finance · Birmingham Midshires · Sainsbury's Bank · St. James's Place Bank · Banco Halifax Hispania · Bank of Scotland International · Halifax Ireland · Bank of Scotland (Netherlands) · Lloyds TSB · Lloyds TSB Scotland · Scottish Widows Bank Insurance: Scottish Widows · esure · First Alternative · Clerical Medical · rightmove.co.uk · The Mortgage Business · Sheilas' Wheels Wholesale: Lloyds TSB Asset Finance  · Blackhorse Historical: Trustee Savings Banks Act 1985 · Lloyds TSB Act 1998 · HBOS Group Reorganisation Act 2006 Annual Group Revenue: £19.6 billion GBP · Employees: 66,800 · Stock Symbol: LSE: LLOY · NYSE: LYG Website: www.lloydsbankinggroup.com

v • d • e J Sainsbury plc Retail: Sainsbury's · Sainsbury's Local  · Bell's Stores  · Jackson's Stores Financial services: Sainsbury's Bank (50%) Customer programmes: Nectar loyalty card · Sainsbury's Active Kids Former subsidiaries: Sainsbury's Savacentre  · Shaw's Supermarkets  · Homebase See also: Justin King Annual revenue: £18,518 million GBP (▲7% FY 2007) · Employees: 153,000 · Stock symbol: (LSE: SBRY) · Website: j-sainsbury.co.uk

v • d • e Nectar loyalty card Members: AA · American Express · Beefeater · BP · Brewers Fayre · Dollond & Aitchison · EDF Energy · Ford · Gala Bingo · Hertz · Homebase · TalkTalk · Sainsbury's · Sainsbury's Bank · Table Table · Thomson · Thomson Local Former members: Barclaycard · Magnet · Threshers · Vodafone · Debenhams Redemption partner: Argos · The Carphone Warehouse · ebookers

v • d • e Bank chains in the United Kingdom Commercial Allied Irish Banks Allied Irish Bank · First Trust Bank Bank of Ireland Bank of Ireland · Bristol & West Barclays plc Barclays Bank Citigroup Egg The Co-operative Group The Co-operative Bank · Smile  · Britannia Danske Bank Northern Bank Dresdner Bank private banking: Kleinwort Benson Grupo Santander Abbey · Alliance & Leicester · Bradford & Bingley · Cahoot private banking: Cater Allen Private Bank HSBC First Direct · HFC Bank · HSBC Bank Lloyds Banking Group Bank of Scotland · Birmingham Midshires · Cheltenham & Gloucester · Halifax · Intelligent Finance · Lloyds TSB partnership Sainsbury's Bank National Australia Bank Group Clydesdale Bank · Yorkshire Bank Royal Bank of Scotland Group National Westminster Bank · Royal Bank of Scotland · Ulster Bank private banking: Adam and Company · Child & Co · Coutts & Co · Drummonds Bank Salvation Army Reliance Bank Tesco Tesco Bank Independent Airdrie Savings Bank · Anglo Irish Bank · Close Brothers Group · Handelsbanken · Islamic Bank of Britain · Julian Hodge Bank · Standard Chartered Bank Private banks Arbuthnot Latham & Co · Butterfield Private Bank · C. Hoare & Co · Duncan Lawrie · Harrods Bank · N M Rothschild & Sons · Raphaels Bank State-owned UK Financial Investments Limited National Savings and Investments · Bradford & Bingley (mortgage assets only) · Northern Rock The bank groups marked in pink indicate the UK's big four banks.

This United Kingdom bank or insurance-related article is a stub. You can help Wikipedia by expanding it. v • d • e

This entry is from Wikipedia, the leading user-contributed encyclopedia. It may not have been reviewed by professional editors (see full disclaimer)