Tesco - Personal Finance

: In November 2024, Tesco completed the sale of its core banking business—including credit cards, personal loans, and savings portfolios—to Barclays Bank UK PLC for approximately £700 million.

: 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. tesco personal finance

: 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%.

: 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 : In November 2024, Tesco completed the sale

: ATMs, travel money (prepaid currency cards), and gift cards.

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) : For the 2025/26 financial year, the parent

: Motor, home, pet, and travel insurance products underwritten by Tesco Underwriting Limited .