Tesco Bank provides a wide range of Banking and Insurance products. The Bank offers personal accounts, including current accounts, mortgages, credit cards, loans, savings accounts, insurance and foreign currency exchange.

Employee Rating

3.4More
TypeSubsidiary
Parent CompanyTesco
HQEdinburgh, GB
Founded1997
Websitetescobank.com
Cybersecurity ratingBMore
Tesco Bank was founded in 1997 and is headquartered in Edinburgh, GB

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Key People/Management at Tesco Bank

Declan Hourican

Declan Hourican

CFO
Derek Tucker

Derek Tucker

Chief Information Officer
Jacqui Mallin

Jacqui Mallin

People Director
Richard Henderson

Richard Henderson

Chief Risk Officer
Iain Clink

Iain Clink

Interim Chief Executive
Michael Mustard

Michael Mustard

Legal Director
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Tesco Bank Office Locations

Tesco Bank has offices in Edinburgh and Welwyn Garden City
Edinburgh, GB (HQ)
2 S Gyle Cres
Welwyn Garden City, GB
Tesco House, Shire Park, Kestrel Way
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Tesco Bank Financials and Metrics

Summary Metrics

Founding Date

1997
Tesco Bank is a subsidiary of Tesco

Tesco Bank Revenue

Tesco Bank's revenue was reported to be £1.10 b in FY, 2019
GBPFY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Revenue

935.9m973.4m1.0b1.0b1.1b

Depreciation and amortization

EBIT

162.9m190.5m125.7m189.1m191.0m

EBIT margin, %

17%20%12%18%17%
GBPFY, 2015FY, 2016FY, 2017FY, 2018FY, 2019

Cash

626.3m564.9m802.9m1.3b1.1b

Accounts Receivable

3.8b3.9b4.2b4.7b4.9b

Current Assets

4.7b4.8b5.4b6.3b6.3b

PP&E

86.4m78.9m73.3m68.0m61.6m
GBPFY, 2015

Financial Leverage

6.8 x
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Tesco Bank Operating Metrics

FY, 2015FY, 2016FY, 2017

Accounts

7.40 m7.60 m8.10 m

Active Customer Accounts

5.40 m5.60 m

App Downloads

450 k1 m
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Tesco Bank Cybersecurity Score

Cybersecurity ratingPremium dataset

B

87/100

SecurityScorecard logo

Tesco Bank Online and Social Media Presence

Embed Graph

Tesco Bank News and Updates

MoneyGrams partners Tesco Bank

MoneyGram International, Inc., a global leader in cross-border P2P payments and money transfers, today announced the launch of a new international online money transfer platform in partnership with Te

Tesco Bank implements Pay by Bank tech for credit card debt repayments

Tesco Bank is to become the first UK bank to introduce new technology that allows its 2.6 million credit card customers to more easily manage and pay their balance.

Tesco Bank embarks on tech staff hiring spree

The banking arm of UK Supermarket giant Tesco is creating 120 technology jobs in Edinburgh and Newca...

Tesco Bank to appoint John Kingman as chairman: source

Tesco's financial arm intends to appoint John Kingman, the businessman who oversaw Britain's bailout of its banks during the financial crisis, as its chairman, a source with knowledge of the matter told Reuters.

Tesco Bank appoints ex-Treasury mandarin to board

Tesco Bank has appointed Sir John Kingman, the ex-Treasury mandarin who supervised the UK’s bank bailouts during the financial crisis, [...] The post Tesco Bank appoints ex-Treasury mandarin to board appeared first on CityAM.

Tesco Bank names John Kingman to its board

Tesco's financial arm confirmed on Monday that it has appointed John Kingman, the businessman who oversaw Britain's bailout of its banks in the financial crisis, to its board as a non-executive director.
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Tesco Bank Blogs

Re: Online banking update

It seems this planned maintenance is any night of the week. More than one night and they rarely ever warn me. It has become impossible to do my online banking, unless during the day. And I am far too busy to do it then. I don't think it is unreasonable for all banks to refrain from doing maintenance…

Re: Here are our June winners

Absolutely brilliant news   ! I'm delighted with my award as always, and look forward to yet another busy month ahead.Congratulations to all the winners, and a special mention to   for another great performance.I'm saving my points for the Christmas shop, hopefully i won't need to spend too much cas…

Re: Your Community Beta group – we want you.

I would be interested in testing thisTrisha 

Re: Are you one of our May winners?

Thank you very very much  So pleased to hear the 3 month extension 😁Congratulation to all the winners.Well done   &   
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Tesco Bank Frequently Asked Questions

  • When was Tesco Bank founded?

    Tesco Bank was founded in 1997.

  • Who are Tesco Bank key executives?

    Tesco Bank's key executives are Declan Hourican, Derek Tucker and Jacqui Mallin.

  • How many employees does Tesco Bank have?

    Tesco Bank has 2,734 employees.

  • What is Tesco Bank revenue?

    Latest Tesco Bank annual revenue is £1.1 b.

  • What is Tesco Bank revenue per employee?

    Latest Tesco Bank revenue per employee is £401.8 k.

  • Who are Tesco Bank competitors?

    Competitors of Tesco Bank include Commonwealth Bank of Australia, Elmira Savings Bank and BancorpSouth.

  • Where is Tesco Bank headquarters?

    Tesco Bank headquarters is located at 2 S Gyle Cres, Edinburgh.

  • Where are Tesco Bank offices?

    Tesco Bank has offices in Edinburgh and Welwyn Garden City.

  • How many offices does Tesco Bank have?

    Tesco Bank has 2 offices.