: Barclays currently provides support for existing systems and applications under a Transitional Services Agreement (TSA) , which is expected to phase out over two years. Historical Risks & Governance Final notice 2018: Tesco Personal Finance plc
Tesco Personal Finance Report Tesco Personal Finance PLC, widely known by its trading name , is a financial services provider in the UK. Established in 1997 as a joint venture with the Royal Bank of Scotland, it has since evolved into a wholly-owned subsidiary of Tesco PLC. Strategic Restructuring (2024–2025)
: Tesco continues to operate its Insurance and Money Services (IMS) division. These retained operations include:
: ATMs, travel money (prepaid currency cards), and gift cards.
: As of February 2024, the group maintained a strong capital position with a common equity tier 1 (CET1) ratio of 11.1%.
: Prior to the sale, the bank served approximately five million customers.
: For the 2025/26 financial year, the parent company reported an operating profit of £3.15 billion, with statutory pre-tax profits rising by 8.5%.
: On December 6, 2024, the entity was re-registered from a Public Limited Company (PLC) to a Private Limited Company following the disposal of its banking assets. Operational & Financial Performance
