Key financial figures for Tesco Bank 2019-2024
Founded in 1997, Tesco Bank is a retail bank headquartered in the United Kingdom (UK). In the year end February 29th, 2020 Tesco Bank has seen a decrease in a number of financial indicators due to the selling of it's mortgage business in September 2019 to the Bank of Scotland plc. In the year ending February 2021, Tesco Bank has seen a decrease in customer lending as a result in lowered customer spending due to Covid-19. In 2024, the bank reported a profit before tax of 58.4 million British pounds, which was quite low compared to the 2022 figures.