Sainsbury's Bank - Revision history

David at 10:44, 8 April 2008

2008-04-08T10:44:32Z

Claire Harkins at 20:10, 14 September 2007

2007-09-14T20:10:41Z

Claire Harkins at 20:09, 14 September 2007

2007-09-14T20:09:45Z

Fraser Stewart at 14:13, 21 March 2007

2007-03-21T14:13:40Z

New page

[[Sainsbury's Bank]], which began trading in February 1997, is a 50:50 joint venture between [[HBoS]] and [[J Sainsbury's]]. Prior to February 2007, the ownership structure was 55% (Sainsbury's) and 45% (HBOS). The change in ownership followed a business review carried out by both parties. Both partners believed that the new 50:50 joint venture underlined the shared commitment each has to the long term growth of the business.

Sainsbury's Bank provides a range of financial products including insurance, credit cards, savings and loans. Sainsbury's Bank has access to over 16 million customers per week through the 780 Sainsbury's stores across the UK.

== Board Structure ==

The Board of Sainsbury's Bank will comprise eight directors - three directors from both HBOS and Sainsbury's and two executives from Sainsbury's Bank.

[[Benny Higgins]], HBOS Retail chief executive, was to be chairman for the first two years.
[[Darren Shapland]], chief financial officer at J Sainsbury's, will then assume the role{{ref|1}}.

== Notes ==

# {{ref|1}} HBoS Plc [http://www.hbosplc.com/media/pressreleases/articles/hbos/2007-02-09-00.asp?fs=/media/press_releases.asp HBoS acquires additional 5% shareholding in Sainsbury's Bank], last accessed 21/03/07

← Older revision		Revision as of 10:44, 8 April 2008
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	#{{note\|1}} HBoS Plc [http://www.hbosplc.com/media/pressreleases/articles/hbos/2007-02-09-00.asp?fs=/media/press_releases.asp HBoS acquires additional 5% shareholding in Sainsbury's Bank], last accessed 21/03/07		#{{note\|1}} HBoS Plc [http://www.hbosplc.com/media/pressreleases/articles/hbos/2007-02-09-00.asp?fs=/media/press_releases.asp HBoS acquires additional 5% shareholding in Sainsbury's Bank], last accessed 21/03/07
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		+	[[Category:Banking and Finance Industry]]

← Older revision		Revision as of 20:10, 14 September 2007
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	== Notes ==		== Notes ==

−	# {{~~ref~~\|1}} HBoS Plc [http://www.hbosplc.com/media/pressreleases/articles/hbos/2007-02-09-00.asp?fs=/media/press_releases.asp HBoS acquires additional 5% shareholding in Sainsbury's Bank], last accessed 21/03/07	+	#{{note\|1}} HBoS Plc [http://www.hbosplc.com/media/pressreleases/articles/hbos/2007-02-09-00.asp?fs=/media/press_releases.asp HBoS acquires additional 5% shareholding in Sainsbury's Bank], last accessed 21/03/07

← Older revision		Revision as of 20:09, 14 September 2007
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−	[[Sainsbury's Bank]], which began trading in February 1997, is a 50:50 joint venture between [[HBoS]] and [[J Sainsbury's]]. Prior to February 2007, the ownership structure was 55% (Sainsbury's) and 45% (HBOS). The change in ownership followed a business review carried out by both parties. Both partners believed that the new 50:50 joint venture underlined the shared commitment each has to the long term growth of the business.	+	[[Sainsbury's Bank]], which began trading in February 1997, is a 50:50 joint venture between [[HBoS]] and [[Sainsbury's]]. Prior to February 2007, the ownership structure was 55% (Sainsbury's) and 45% (HBOS). The change in ownership followed a business review carried out by both parties. Both partners believed that the new 50:50 joint venture underlined the shared commitment each has to the long term growth of the business.

	Sainsbury's Bank provides a range of financial products including insurance, credit cards, savings and loans. Sainsbury's Bank has access to over 16 million customers per week through the 780 Sainsbury's stores across the UK.		Sainsbury's Bank provides a range of financial products including insurance, credit cards, savings and loans. Sainsbury's Bank has access to over 16 million customers per week through the 780 Sainsbury's stores across the UK.