Sainsbury's Bank plc was launched in 1997 as a joint venture between Sainsbury's, a leading UK supermarket, and the Bank of Scotland. In 2014, it became wholly owned by J Sainsbury plc. The bank's mission has been to offer accessible and good value financial products, such as credit cards, savings accounts, personal loans, and insurance, leveraging the trusted Sainsbury's brand. In January 2024, the company announced a strategic decision to execute a phased withdrawal from its banking business to focus on its core retail operations, and it is actively exploring options to sell or transfer its financial services portfolio to other providers.

Founded in

United Kingdom