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11 December, 2013

Tesco Bank creates 300 jobs for current account launch

Tesco Bank has announced it will create 300 new jobs in Glasgow and Edinburgh, as it prepares to launch a current account next year.  The majority of the roles will form part of a new team responsible for serving current account customers.

The positions are permanent with the majority being full time and instead of incentivising sales, Tesco Bank will offer a competitive basic salary and pension scheme. In addition, all colleagues will receive extensive training to ensure they can provide great customer service.

Benny Higgins, Chief Executive of Tesco Bank, said: “Since 2008, we have invested to build a bank for Tesco customers.  We now have more than 6.8 million accounts and offer straightforward, transparent products which reward loyalty and provide great value.

“We are making excellent progress towards the launch of our current account next year and the recruitment of these new roles is an important milestone in that process.”

The roles will be split between the bank’s main offices in Scotland - Tesco Bank, South Gyle Crescent, Edinburgh and Broadway One, Renfield Street Glasgow.

Applications open on the 6th of January. To apply please visit http://careers.tescobank.com/

 

For more information and media enquiries please contact:

Adam Treslove, Tesco Bank, adam.treslove@tescobank.com, 0131 479 1345

Notes to Editors:

The Tesco Bank current account launch will create:

·         240 new customer service jobs

·         58 head office roles including banking commercial, legal, risk and marketing.

About Tesco Bank:

Tesco Bank offers a range of simple personal banking products, principally credit cards, personal loans, savings, mortgages and general insurance.

We opened for business in 1997 and since 2008 have been owned by Tesco plc.

The bank has offices in Edinburgh, Glasgow and Newcastle.

Since 2008 employee numbers have grown from 200 to 4,000 – based across our four main offices in Edinburgh, Glasgow and Newcastle.

·         Our customers hold 6.8 million accounts and policies with us.

·         Savings balances stand at £5.2bn

·         Lending balances stand at £6.4bn

·         £1bn is spent on Tesco Bank credit cards per month

·         This year we have returned £70 million in Clubcard points to customers.

·         Since launching mortgages in 2012 we have lent £500 million to customers*.

* Information correct at 2/10/13

For more information about Tesco Bank please visit: http://corporate.tescobank.com/

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Media team

For journalist enquiries only, contact the Tesco Bank Press Office on:

+44 (0)131 274 3630
+44 (0)7595 441 036

 

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