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Encyclopedia > Sainsbury's Bank

Sainsbury's Bank is a UK based bank operated by J Sainsbury plc and HBOS plc (Halifax Bank of Scotland), with 55% and 45% shares respectively. J Sainsbury plc is the parent company of Sainsburys Supermarkets Ltd, commonly known as Sainsburys, which is a chain of supermarkets in the United Kingdom. ... HBOS plc is the holding company of the HBOS Group, formed on the 10 September 2001 by, and named after, the principals involved in the merger of Halifax plc, the former Halifax Building Society, with the Bank of Scotland. ...


Sainsbury's was the first major UK supermarket group to establish a banking arm, with operations beginning on February 19, 1997. The company has access to over 11 million customers who visit Sainsbury's every week and offers credit cards, savings, insurance, mortgages and loans. Supermarket produce section A supermarket is a store that sells a wide variety of goods including food and alcohol, medicine, clothes, and other household products that are consumed regularly. ... February 19 is the 50th day of the year in the Gregorian Calendar. ... 1997 is a common year starting on Wednesday of the Gregorian calendar, and was designated the International Year of the Reef. ...


Other UK supermarkets have entered the financial services market, e.g. Tesco Financial Services offering similar products. Both companies link many products to their reward schemes, for example bonus points for purchasing a new product. Tesco logo Historic Tesco store in St Albans Tesco PLC is a United Kingdom based international supermarket chain. ...


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