The former headquarters of Clydesdale Bank in St Vincent Place, Glasgow
Company type
Subsidiary
Industry
Banking, financial services
Founded
1838; 186 years ago (1838)
Successor
Midland Bank
Headquarters
Glasgow, Scotland, UK
Key people
James Pettigrew (Chairman) David Duffy (Chief Executive Officer)
Services
Retail banking SME banking
Revenue
£ 1.004 billion (2015)[1]
Operating income
£(308) million (2015)[1]
Net income
£(249) million (2015)[1]
Total assets
£ 38.7 billion (2015)[1]
Total equity
Unknown
Number of employees
c. 8,703 (2018)[1]
Parent
Virgin Money UK plc
Divisions
B
Subsidiaries
Clydesdale Bank
Yorkshire Bank
Website
www.cbonline.co.uk
Clydesdale Bank plc is a retail and commercial bank in Scotland. It was formed in Glasgow, Scotland in 1838 and now trades as Virgin Money.
With its immense and international growth in commercial and industrial clients, including Sir Robert McAlpine & Sons, and their extensive credit requirements it sought investment by a larger consortium. Consequently it was purchased by Midland Bank, the largest bank in the world at this stage, in 1920. Much later the Clydesdale became part of the National Australia Bank Group (NAB), between 1987 and 2016. Clydesdale Bank was divested from National Australia Bank in early 2016, with its new holding company, CYBG plc, trading on the London and Sydney stock exchanges. In June 2018, it was announced that CYBG would acquire Virgin Money for £1.7 billion in an all-stock deal, and that the Clydesdale and Yorkshire Bank public brands would be phased out in favour of retaining Virgin's brand, including the renaming of CYBG plc to Virgin Money UK plc.
The public marketing name 'Virgin Money' is used by all the operating divisions of Virgin Money UK plc, whose headquarters are at 177 Bothwell Street, Glasgow. It is the UK 's sixth largest bank.
As with two other banks of Scottish origin, namely the Bank of Scotland and the Royal Bank of Scotland, the Clydesdale Bank retains the right to issue its own banknotes.
^ abcde"Annual report and consolidated financial statements 2019". Virgin Money UK plc.
and 22 Related for: Clydesdale Bank plc information
ClydesdaleBankplc is a retail and commercial bank in Scotland. It was formed in Glasgow, Scotland in 1838 and now trades as Virgin Money. With its immense...
ClydesdaleBank (Scottish Gaelic: Banca Dhail Chluaidh) is a trading name used by ClydesdaleBankplc for its retail banking operations in Scotland. In...
Yorkshire Bank is a trading name used by ClydesdaleBankplc for its retail banking operations in England. The Yorkshire Bank was founded in 1859 as the...
services brand operating in the United Kingdom as a trading name of ClydesdaleBankplc. The Virgin Money brand was founded by Richard Branson in March 1995...
owned by Bank of Baroda of India Bank of China (UK), owned by Bank of China Bank of India (UK), owned by Bank of India Bank Sepah International plc, owned...
Chancery Division, London, against ClydesdaleBankPLC, claiming that he had stored a locked trunk at the bank in which there allegedly were six covers...
Lloyds Bankplc is a British retail and commercial bank with branches across England and Wales. It has traditionally been considered one of the "Big Four"...
The Royal Bank of Scotland, along with ClydesdaleBank and Bank of Scotland, still prints its own banknotes. Notes issued by Scottish banks circulate...
Barclays plc (/ˈbɑːrkliz/, occasionally /-leɪz/) is a British multinational universal bank, headquartered in London, England. Barclays operates as two...
Standard Chartered plc is a British multinational bank with operations in consumer, corporate and institutional banking, and treasury services. Despite...
NatWest Group PLC is a British banking and insurance holding company, based in Edinburgh, Scotland. The group operates a wide variety of banking brands...
Banks portal Companies portal Money portal Nestle v National Westminster Bankplc Re Spectrum Plus Ltd Tournier v National Provincial and Union Bank of...
Personal Finance plc, trading as Tesco Bank, is a British retail bank which was formed in July 1997 (as Tesco Personal Finance). The bank was formed as part...
FCM Bank Limited FIMBank plc Fortis Bank Malta Limited HSBC Bank Malta PLC IIG Bank (Malta) Limited Investkredit International BankPLC Izola Bankplc Lombard...
The Bank of Scotland plc (Scottish Gaelic: Banca na h-Alba) is a commercial and clearing bank based in Edinburgh, Scotland, and is part of the Lloyds...
Challenger banks are small, recently created retail banks that compete directly with the longer-established banks in the UK, sometimes by specialising...
Atom Bankplc is a retail bank in the United Kingdom. It is the United Kingdom's first bank built for smartphone or tablet, without any branches, and the...
Allied Irish Banks, p.l.c. (Irish: Bainc-Aontas Éireann) is one of the so-called Big Four commercial banks in the Republic of Ireland. AIB offers a full...
Santander UK plc (UK: /ˌsæntənˈdɛər, -tæn-/, US: /ˌsɑːntɑːnˈdɛər/) is a British bank, wholly owned by the Spanish Santander Group. Santander UK plc manages...
savings banks in England & Wales as TSB Bankplc and in Scotland (except Airdrie Savings Bank) as TSB Scotland plc. In 1995, Lloyds Bankplc merged with...
Bingley was combined with the bank, and Abbey National plc was renamed Santander UK plc. Prior to the takeover, Abbey National plc was a constituent of the...
Global Information
£(308) million (2015)[1]