Clydesdale Bank PLC - Company Profile
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Clydesdale Bank PLC (Clydesdale), a subsidiary of Virgin Money UK Plc, is a provider of retail and commercial banking solutions under the brand names Clydesdale Bank, Yorkshire Bank, and Virgin Money. It provides retail banking solutions such as accounts, loans, cards, mortgages, life and non-life insurance, mortgages, credit cards, overdrafts, and investment solutions. The bank’s commercial banking portfolio includes business current accounts, secured and unsecured loans, overdraft solutions, invoice and asset finance, and international trade services. It caters to retail, corporate, wealthy, and small and medium enterprises, through a network of bank branches, business banking centers, online portals, and registered brokers in Scotland, North East England, Yorkshire, North West England, and the Humber in the UK. Clydesdale is headquartered in Glasgow, the UK.
Headquarters
United Kingdom
Address
30 St Vincent Place, Glasgow, Scotland, G12HL
Website
secure.cbonline.co.uk
Telephone
44 800 3457365
No of Employees
7,166
Industry
Financial Services
Revenue (2023)
$4.9B
Products and Services
| Products | Services | Brands |
|---|---|---|
| Accounts/Deposits: | Mobile Banking | Virgin Money |
| Current | Telephone Banking | Yorkshire Bank |
| Savings | Branch Banking | Clydesdale Bank |
| XYZ | XYZ | |
| XYZ | XYZ | |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Financing Agreements | In October, the bank and Foresight Group invested GBP6 million in Clearview Endoscopy Limited. |
| 2020 | Financing Agreements | In March, the company invested GBP3.5 million in Rotolight. |
| 2020 | Ownership Changes | In February, the bank, as a result of merger with Virgin Money Plc has been completing the overall integration process phase-wise with the consolidation of branch offices and rebranding of Clydesdsale’s products. |
Competitor Comparison
| Key Parameters | Clydesdale Bank PLC | TSB Banking Group plc | Handelsbanken plc | Halifax Ltd | Paragon Bank PLC |
|---|---|---|---|---|---|
| Headquarters | United Kingdom | United Kingdom | United Kingdom | United Kingdom | United Kingdom |
| City | Glasgow | Edinburgh | London | - | Solihull |
| State/Province | Scotland | Scotland | England | - | England |
| No. of Employees | 7,166 | 5,592 | 2,736 | - | - |
| Entity Type | Private | Private | Private | Private | Private |
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| David Bennett | Chairman | Executive Board | 2020 | 62 |
| David Duffy | Director; Chief Executive Officer | Executive Board | 2015 | 63 |
| Clifford Abrahams | Director; Chief Financial Officer | Executive Board | 2021 | 57 |
| Lorna Forsyth McMillan | Secretary | Senior Management | 2011 | - |
| Elena Novokreshchenova | Director | Non Executive Board | 2021 | 47 |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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