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September 04, 2015 4:07 PM ET

Banks

Company Overview of Sainsbury's Bank plc

Company Overview

Sainsbury's Bank plc, doing business as Sainsbury's Finance, provides banking products and services. The company offers home improvement, car, and other loan services; credit cards; and savings products and services. It also provides car, home, pet, life, and travel insurance products; Travel Money, a foreign currency exchange service; and online banking and customer support services. The company was incorporated in 1996 and is based in Edinburgh, United Kingdom with a store support center in London, United Kingdom. As of January 31, 2014, Sainsbury's Bank plc operates as a subsidiary of J Sainsbury plc.

Haston House

2 Redheughs Rigg

South Gyle Crescent

Edinburgh,  EH12 9DQ

United Kingdom

Founded in 1996

Phone:

44 8085 405060

Fax:

44 2072 822804

Key Executives for Sainsbury's Bank plc

Chief Executive Officer and Executive Director
Age: 57
Chief Financial Officer and Executive Director
Chief Operating Officer
Chief Executive of Sainsbury's Plc
Age: 53
Deputy Chief Executive Officer and Commercial Director
Compensation as of Fiscal Year 2015.

Sainsbury's Bank plc Key Developments

Sainsbury's Bank Appoints Michael Ross as Non-Executive Director

Sainsbury's Bank announced on 29 June 2015 the appointment of Michael Ross as Non-Executive Director. He will be joining the Board of Directors at Sainsbury's Bank to help advance the Bank's digital and data strategies. Michael is currently Director and Chief Scientist at OrderDynamics, formerly eCommera Limited which he founded in 2007. Currently Michael is non-executive advisory for Abcam plc.

Sainsbury's Bank plc Reports Earnings Results for the Year 2014

Sainsbury's Bank plc reported earnings results for the year 2014. For the year, the company reported underlying group sales down 0.9% to £26,122 million against £26,353 million a year ago. Underlying profit before tax down 14.7% to £681 million against £798 million a year ago. Underlying basic earnings per share down 19.5% to 26.4 pence against 32.8 pence a year ago. For the year on statutory basis, the company reported group sales down 0.7% to £23,775 million against £23,949 million a year ago. Loss before tax of £72 million against £898 million profit a year ago. Basic loss per share 8.7 pence against 37.7 pence earnings per share a year ago.

Sainsbury's Bank plc, 2015 Earnings Call, May 06, 2015

Sainsbury's Bank plc, 2015 Earnings Call, May 06, 2015

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