Scotland has been a major banking centre for centuries with the Bank of Scotland established in Edinburgh in 1695. Its banking organisations cover a wide variety of services including retail and corporate banking, treasury, insurance, actuarial, mortgages and investment management.

Key facts

• Scotland has a long history of excellence, stretching back over three centuries.
• There are around 50,000 employees in Scotland.
• Lloyds Banking Group, which includes Bank of Scotland, has substantial Scottish operations including the headquarters of Lloyds TSB Scotland.
• Clydesdale Bank, part of National Australia Banking Group, has its European headquarters in Glasgow.
• Royal Bank of Scotland, established in 1727, has its global headquarters in Edinburgh.
• Tesco Bank opened its headquarters in Edinburgh and has expanded to create 800 jobs in Glasgow.
• Virgin Money has its headquarters in Edinburgh.