Sainsbury's Bank

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Sainsbury's Bank plc
Public limited
Founded 19 February 1997
Headquarters Edinburgh, Scotland
Halifax, West Yorkshire
Products Financial services
Parent J Sainsbury plc 50%
Halifax (HBOS) 50%

Sainsbury's Bank plc is a British bank wholly owned by Sainsbury's, a national supermarket chain in the United Kingdom. Sainsbury’s was the first major British supermarket to open a bank, commencing trading on 19 February 1997. A full banking licence was granted by the Bank of England in January 1997. It operates under its own banking licence. The bank was launched as a joint venture between Sainsbury's and Bank of Scotland, which became part of Lloyds Banking Group in 2009.

The bank’s headquarters are located at Haston House, South Gyle, Edinburgh with the bank’s operations being run from various locations around the UK. In 2008 it had over 1.4 million active customers.[citation needed] 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, as a result 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.


  1. ^ Ben Griffiths (8 May 2013). "Shares in Sainsbury's fall as it buys up Lloyds' 50% stake in its banking arm". This is Money. Retrieved 5 June 2013. 

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