United Kingdom · Financial institution
Tsb Bank PLC
TSB Bank plc is a public limited company registered in Scotland, with its registered office in Edinburgh. It is the operating subsidiary of TSB Banking Group plc. Santander UK plc acquired TSB Banking Group plc from Banco de Sabadell, S.A. on 30 April 2026. The bank provides retail and small business banking in the UK, including current accounts, savings, mortgages, personal loans and credit cards. Santander UK intends to transfer the bank's business to Santander UK plc through a Part VII banking business transfer scheme in the first half of 2027.
Licences and registrations
Matched by LEI on the 22 tracked registers
None matched by LEI in the 22 tracked registers.
- The tracked registers cover payment, e-money, crypto and money-service firms in 37 countries. Bank licences from national supervisors are not tracked.
Swift network
Swift’s ISO 9362 BIC directory
- BIC
- TSBSGB2AXXX head office
- Connection to Swift
- Connected to SwiftThis BIC is registered as a live address on the Swift network. The institution sends and receives Swift messages under TSBSGB2A directly.
- Swift GPI
- Not on the member list
- Payment schemes and systems
- SCT · SDD Core
- Branch codes
- None: head-office BIC only
- Other BIC with this LEI
- TSBSGB21
- BIC first registered
- 2016-12-27
- Last updated
- 2023-07-10
Overview
Researched 29 Sep 2026 · Sources
Ownership
Group subsidiary
100% TSB Banking Group plc
Institution type
Commercial bank
Trades as TSB
- Standing
- Santander UK plc acquired the bank's parent, TSB Banking Group plc, from Banco de Sabadell, S.A. on 30 April 2026. The bank remains a separately authorised legal entity. Santander UK intends to transfer its business to Santander UK plc under a Part VII banking business transfer scheme in the first half of 2027, subject to court sanction and regulatory non-objection.
- Ownership
- TSB Banking Group plc owns 100% of the bank, and Santander UK plc has owned 100% of TSB Banking Group plc since 30 April 2026, within the Banco Santander group.
- Direct parent
- TSB Banking Group plc ↗, United Kingdom 100%
- Ultimate owner
- Banco Santander, S.A., Spain
- Head office
- Henry Duncan House, 120 George Street, EH2 4LH Edinburgh, United Kingdom
- Company register
- SC095237, Registrar of Companies for Scotland
- Former name
- Lloyds TSB Scotland plc
Business lines
According to its 2025 annual report, retail mortgages make up about GBP 34.1 billion of GBP 36.4 billion gross customer lending, and deposits come mainly from retail current and savings accounts.
Online
- Websites & references
- tsb.co.uk ↗
tsbcareers.co.uk ↗ careers site, linked from the tsb.co.uk footer
Wikidata Q7671560 ↗ - Official social accounts
- None found
Sources · 16 pages consulted
- tsb.co.uk
- tsb.co.uk/investors/our-people.html
- tsb.co.uk/investors.html
- tsb.co.uk/investors/results-reports.html
- tsb.co.uk/content/dam/tsb-public/documents/investors/financial-results-and-reports/2025/TSB-Bank-AR
- tsb.co.uk/news-releases/TSB-2025-full-year-financial-results.html
- tsb.co.uk/news-releases/TSB-welcomes-new-Board-members-as-the-Bank-joins-Santander.html
- tsb.co.uk/news-releases/TSB-joins-Santander-to-become-UKs-third-largest-high-street-bank.html
- tsb.co.uk/help-and-support/contact-us.html
- tsb.co.uk/current-accounts/faqs/international-payments.html
- tsb.co.uk/help/internet-banking/international-payments.html
- santander.co.uk/about-santander/media-centre/press-releases/santander-uk-completes-cash-acquisition-of-ts
- santander.co.uk/about-santander/media-centre/press-releases/santander-to-acquire-tsb-from-sabadell-for-ps
- investegate.co.uk/announcement/rns/santander-uk-plc--sanb/cash-acquisition-of-tsb-banking-group-plc-/954788
- fca.org.uk/news/press-releases/fca-fines-tsb-over-treatment-customers-financial-difficulty
- finextra.com/newsarticle/48359/tsb-shakes-up-executive-team-ahead-of-santander-integration
Leadership
Researched 29 Sep 2026 · Sources
- Chief executive
-
Nicola Bannister
Chief Executive Officer (CEO) and Executive Director
- Chair
-
David Oldfield OBE
Chair
- Chief financial officer
-
Alison Straszewski
Chief Financial Officer and Executive Director
- Executive
-
Mahesh Aditya
Non-Executive Director (Santander UK CEO)
- Executive
-
Carlos Bas
General Counsel
Supervisors & regulators
Researched 29 Sep 2026 · Sources
- United Kingdom
- Prudential Regulation Authority (Bank of England) Prudential supervisorCentral bankResolution
- United Kingdom
- Financial Conduct Authority ConductAML supervisor
Recent events 1 enforcement or investigation item
Researched 29 Sep 2026 · Sources
-
Leadership
The bank announced that its Chief Information Officer, Chief Risk Officer, Chief People Officer and Communications Director would leave during the integration with Santander UK.
finextra.com ↗ -
Leadership
David Oldfield replaced Nick Prettejohn as Chair, and Nicola Bannister became CEO on 1 May 2026, following completion of the acquisition.
tsb.co.uk ↗ -
Merger / acquisition
Santander UK completed its acquisition of TSB Banking Group plc from Banco Sabadell on 30 April 2026 for GBP 2.65 billion plus a net asset adjustment.
santander.co.uk ↗ -
Licence
The Prudential Regulation Authority approved the change of control on 19 March 2026, and the European Central Bank followed on 14 April 2026.
santander.co.uk ↗ -
Merger / acquisition
Banco de Sabadell agreed on 1 July 2025 to sell TSB Banking Group plc to Banco Santander for GBP 2.65 billion.
santander.co.uk ↗ -
Enforcement
The FCA fined the bank GBP 10,910,500 for failing to treat customers in arrears fairly and lacking suitable systems and controls.
fca.org.uk ↗
Compliance-relevant events of the last three years, newest first: fines and enforcement, investigations, incidents, leadership changes, mergers and licence changes. Each links to its source.
Identifiers
Head-office record
- BIC
- TSBSGB2AXXX
- How the BIC breaks down
- TSBSBank
- GBCountry · United Kingdom
- 2ALocation
- XXXBranch · head office
- Branch description
- Not recorded in the directory
- LEI
- 549300XP222MV7P3CC54
- LEI record
- View on GLEIF ↗
- How the LEI was matched
- BIC: Mapped to this BIC in the Swift and GLEIF BIC-to-LEI relationship file.
Profile
- Type
- Financial institutionClassified as a financial institution in Swift’s ISO 9362 BIC directory, with no licence on a tracked register. This includes banks that neither the ECB nor the FSB lists, as well as brokers, fund managers, insurers and market infrastructure.
- Regulation
- Not on a tracked registerNo licence or registration was found for this entity on the registers the directory tracks, or on the ECB and FSB bank lists. Most banks are licensed by national supervisors whose registers are not tracked yet. This does not mean that the institution is unregulated.
- Register licences
- None matched by LEI in the 22 tracked registersThe tracked registers cover payment, e-money, crypto and money-service firms in 37 countries. Bank licences from national supervisors are not tracked.
- Country · region
- United Kingdom · Europe & Central Asia
- Trading venues (MIC)
- No MIC registered under this LEI list of 2026-09-17
- OFAC sanctions
- No listing cites this BIC
- EU sanctions
- No listing matched this BIC or its LEI
- Country sanctions
- No country programme
- Founded
- 2013
Types come from Swift’s BIC classification, the licences on the 22 tracked registers, and the ECB and FSB bank lists. Most banks outside the euro area appear as financial institutions, because their supervisors’ registers are not tracked yet.
No licence or registration was found for this entity on the 22 registers the directory tracks, or on the ECB and FSB bank lists. Most banks are licensed by national supervisors whose registers are not tracked yet. This does not mean that the institution is unregulated.
Ownership and group
GLEIF relationship records
- Direct parent
- Tsb Banking Group Limited · United Kingdom213800KWCGLFG9WZDX35 ↗
- Ultimate parent
- Banco de Sabadell S.A. · SpainSI5RG2M0WQQLZCXKRM20 ↗
The Banco de Sabadell S.A. group has 10 institutions in the directory, in 7 countries: 9 hold a BIC and 1 does not.
Including Banco de Sabadell, S.A, Banco de Sabadell S.A, Banco de Sabadell S.A., Banco de Sabadell, S.A., Paycomet, S.l..
See the Banco de Sabadell S.A. group →Group membership follows the accounting-consolidation relationships reported to GLEIF. It does not show ownership shares or control.
Addresses
- Registered address
- HENRY DUNCAN HOUSE 120 GEORGE STREET EDINBURGH EH2 4LH UNITED KINGDOM
- Operational address
- HENRY DUNCAN HOUSE 120 GEORGE STREET EDINBURGH EDINBURGH EH2 4LH UNITED KINGDOM
ISO 20022 identification
As an agent in a Swift cross-border payment message (CBPR+)
A CBPR+ message identifies this institution by its BIC, and may add its LEI or a clearing code. CBPR+ does not allow a name and postal address next to a BIC.
- Identified by
- BIC, with its LEI
- Roles in CBPR+
- Any agent, including the instructing and instructed agents
CBPR+
For cross-border payments on Swift: the BIC, with the LEI and clearing code where known
<FinInstnId>
<BICFI>TSBSGB2AXXX</BICFI>
<LEI>549300XP222MV7P3CC54</LEI>
</FinInstnId>Full record
Every ISO 20022 element the directory holds. Base ISO 20022 allows them together. CBPR+ does not allow a name and address next to a BIC
<FinInstnId>
<BICFI>TSBSGB2AXXX</BICFI>
<LEI>549300XP222MV7P3CC54</LEI>
<Nm>TSB BANK PLC</Nm>
<PstlAdr>
<TwnNm>EDINBURGH</TwnNm>
<Ctry>GB</Ctry>
<AdrLine>HENRY DUNCAN HOUSE 120 GEORGE STREET EDINBURGH EH2 4LH</AdrLine>
</PstlAdr>
</FinInstnId>The BIC, name and address are as published in Swift’s BIC directory. The LEI comes from the Swift and GLEIF BIC-to-LEI file. Check them against your own records before use.
Payment schemes and systems
EPC registers of 2026-09-11 · ECB T2 list of 2026-07-02 · ECB TIPS list of 2026-09-01 · SIX Bank Master valid on 2026-09-28
| Scheme or system | Since | Registered with | Note |
|---|---|---|---|
| SEPA Credit TransferISO 20022 messages | 2017-09-04 | Head office | Leaving the scheme on 2027-03-22 |
| SEPA Direct Debit CoreISO 20022 messages | 2017-09-04 | Head office | Leaving the scheme on 2027-03-22 |
SEPA dates are when the institution became ready for the scheme.
An institution missing from T2 may still be reachable through an indirect participant.
“ISO 20022 messages” marks a scheme or system whose rulebook or operator specifies ISO 20022 for messages between participants.
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Sources & method
Every value comes from a public source, such as Swift’s ISO 9362 BIC directory, GLEIF or the OFAC and EU sanctions lists. Most sources are matched on a BIC or an LEI, not on a name.
Swift GPI membership is matched on names and is indicative. A missing sanctions match does not mean that no listing applies. Always screen against the official lists.
The sanctions facts on this page cover the BIC and its LEI only.
An institution is one entry in the directory: a BIC8 in Swift’s directory, or a firm on a tracked register that holds no BIC. Licences held by an institution with a BIC are shown on its page.
Read the methodology →Credits for this page
- Payment schemes and systems—Source: European Payments Council (EPC) Registers of Participants; matched to BICs by Elucidate.
- Wikidata—CC0, matched on the BIC or LEI recorded in Wikidata. It is community-edited, so check key facts.
- Ownership and group—GLEIF Level 2 relationship records (accounting consolidation), matched by LEI.
- Overview, leadership, regulators and events—researched per institution by an AI model with web search, from the institution's own website and reports, regulators, company registers and news. Figures, people and events link to their source, and each card shows the research date. AI research can be wrong or out of date, so check key facts at the source.
- Images—logos and photos from Wikimedia Commons (credited with their author and licence) or from the institution's own website, where Wikimedia has none. Elucidate keeps a copy of each; the links lead to the source and the original image. Logo: TSB Bank plc · Public domain · Wikimedia Commons · original; Nicola Bannister: tsb.co.uk (official website) · original; David Oldfield OBE: tsb.co.uk (official website) · original; Alison Straszewski: tsb.co.uk (official website) · original; Mahesh Aditya: tsb.co.uk (official website) · original; Carlos Bas: tsb.co.uk (official website) · original.
Assess the financial crime risk behind a BIC
A BIC identifies an institution; it does not assess it. The Elucidate FinCrime Index (EFI) is an independent score of the financial crime risk of banks, built for correspondent banking and counterparty due diligence.
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