October 21, 2016 8:03 PM ET


Company Overview of TSB Banking Group plc

Company Overview

TSB Banking Group plc provides various banking products and services to personal and small business customers in the United Kingdom. The company operates through three segments: Franchise; Mortgage Enhancement; and Acquired ex-Northern Rock Loans. It offers current, youth, student, graduate, savings, and credit union accounts; and personal, car, and graduate loans and mortgages, as well as business loans and finance products, such as business overdraft, enterprise finance guarantee, residential buy-to–let mortgage, and commercial mortgage solutions. The company also provides home and general insurance products and services; business payment services; and debit and credit cards, and online an...

20 Gresham Street

London,  EC2V 7JE

United Kingdom

Founded in 2014

8,620 Employees


44 20 7003 9000

Key Executives for TSB Banking Group plc

Chief Executive Officer and Executive Director
Age: 52
Chief Financial Officer, Director and Director of Tsb Bank Plc
Age: 43
Chief Operating Officer
Age: 51
Head of Media Relations
Chief Digital Officer
Compensation as of Fiscal Year 2016.

TSB Banking Group plc Key Developments

TSB Banking Group Appoints Iain Laing as Chief Risk Officer

TSB Banking Group appointed Iain Laing as chief risk officer. He replaces Neeta Atkar, who left the company. Laing, who will be reporting to CEO Paul Pester, most recently was chief risk officer at Nationwide Building Society.

TSB Banking Group plc Reports Unaudited Consolidated Financial Results for the Six Months to 30 June 2015

TSB Banking Group plc reported unaudited consolidated financial results for the six months to 30 June 2015. For the six months, the company reported interest and similar income of £474.5 million against £485.0 million for the same period of last year. Net interest income was £376.7 million against £374.6 million for the same period of last year. Operating profit before impairment losses and taxation was £62.7 million against £179.6 million for the same period of last year. Profit before taxation was £23.2 million against £128.5 million for the same period of last year. Profit for the period was £19.7 million against £101.8 million for the same period of last year. Total comprehensive income for the period was £19.0 million against £101.8 million for the same period of last year. Diluted earnings per share were £4.0 pence against 63.3 pence for the same period of last year. Net cash provided by operating activities was £307.4 million against £5,563.1 million for the same period of last year. Purchase of property, plant and equipment was 17.3 million against 53.1 million for the same period of last year. This decrease in PBT was expected and primarily reflected lower income, partially offset by a continuing improvement in impairment losses.

TSB to Close 25 Less Well Used Branches; to Open New £2 Million Branch in Aberdeen in November 2016

TSB is to close 25 "less well used" branches, including eight in Scotland in a move it said reflects "evolving customer demand". The bank also said that it would create a new £2 million branch in Aberdeen, due to open its doors on the city's St Nicholas Street in November 2016.

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Recent Private Companies Transactions

No transactions available in the past 12 months.

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