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Clydesdale Bank facts for kids

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Clydesdale Bank plc
Banca Dhail Chluaidh
Industry Finance and Insurance
Founded 1838
Headquarters St Vincent Place, Glasgow, Scotland
Key people
James Pettigrew (Chairman)
David Duffy (Chief Executive Officer)
Products Financial services
Revenue £17.5 million (2007)
Operating income
£194 million (pre annual 2008)
£139 million (pre annual 2008)
Total assets £35.8bn (Mar 2014) [1]
Number of employees
c. 4,758 (2014)
Parent CYBG plc
Subsidiaries Yorkshire Bank

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.

The current designs were released in autumn 2009. The obverse designs feature famous Scots while the reverse designs feature Scotland's UNESCO World Heritage Sites.

Image Value Main Colour Design
Obverse Reverse Obverse Reverse
[2] [3] £5 Blue Sir Alexander Fleming St Kilda
[4] [5] £10 Brown Robert Burns Edinburgh Old and New Towns
[6] [7] £20 Purple King Robert the Bruce New Lanark
[8] [9] £50 Green Elsie Inglis The Antonine Wall
[10] [11] £100 Pink Charles Rennie Mackintosh Neolithic Orkney

Polymer banknotes

A branch of Clydesdale Bank in Leith

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.

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