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Home > Company Index > Banking > Banking - Europe > Bank of Scotland

Bank of Scotland
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 PROFILE
The Bank of Scotland makes its own money. The 300-year-old bank, which can issue its own banknotes, is well known for its conservative style. The bank (which plans to merge with UK-based Halifax plc) offers personal checking, student loans, insurance products, and other services to businesses and individuals at its 325 branches in Scotland and England. Overseas operations include a 55% interest in the Bank of Western Australia and offices in the US and Europe. The bank also owns investment bank Capital Bank and factoring and leasing companies. Bank of Scotland's merger discussions with UK-based Abbey National ended in 2001 after rival suitor UK-based Lloyds TSB, in its own bid for Abbey National, upset the talks.

 COMPETITION
Barclays PLC (BCS)
HSBC Holdings plc (HBC)
The Royal Bank of Scotland Group plc (RBOS)

 FINANCIAL OVERVIEW
Fiscal Year-End: February
2001 Sales (mil.): 10,432.90
1-Yr. Sales Growth: 19.9%
Employees: 20,933
Revenue per employee: $498,394.88

 KEY PEOPLE
• Peter A. Burt
    CEO
• Gavin G. Masterton
    CFO

 CONTACT INFO
The Mound
Edinburgh EH1 1YZ, United Kingdom
Phone: 44-131-470-2000
Fax: 44-131-243-5437
Online: Web Site

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