Clydesdale Bank facts for kids
The headquarters of Clydesdale Bank in St Vincent Place, Glasgow
|Industry||Finance and Insurance|
|When it was created||1838|
|Headquarters||St Vincent Place, Glasgow, Scotland|
|Key people||James Pettigrew (Chairman)
David Duffy (Chief Executive Officer)
|Things made||Financial services|
|Money earned||£17.5 million (2007)|
|Operating income||£194 million (pre annual 2008)|
|Net income||£139 million (pre annual 2008)|
|Total assets||£35.8bn (Mar 2014) |
|Employees||c. 4,758 (2014)|
Clydesdale Bank plc is a commercial bank in Scotland. Formed in Glasgow in 1838, it is the smallest of the three Scottish banks. Independent until it was purchased by Midland Bank in 1920, it formed part of the National Australia Bank Group (NAB) between 1987 and 2016.
Clydesdale Bank was divested from National Australia Bank in early 2016 and its holding company CYBG plc, trades on the London and Sydney stock exchanges. CYBG plc's other banking business, Yorkshire Bank operates as a trading division of Clydesdale Bank plc under its banking licence.
As with the two other Scottish banks, the Bank of Scotland and the Royal Bank of Scotland, Clydesdale Bank retains the right to issue its own banknotes.
|||||£5||Blue||Sir Alexander Fleming||St Kilda|
|||||£10||Brown||Robert Burns||Edinburgh Old and New Towns|
|||||£20||Purple||King Robert the Bruce||New Lanark|
|||||£50||Green||Elsie Inglis||The Antonine Wall|
|||||£100||Pink||Charles Rennie Mackintosh||Neolithic Orkney|
In March 2015, the Clydesdale Bank became the first bank in Great Britain to issue polymer banknotes. The £5 commemorative notes, issued to commemorate the 125th anniversary of the construction of the Forth Bridge, are printed by De La Rue and are the first in Europe to use the company's "Safeguard" polymer substrate security feature. The notes also use the "Spark Orbital" security feature which depicts a reflective map of Scotland over a transparent "window" in the banknote.
Clydesdale Bank Facts for Kids. Kiddle Encyclopedia.