# Bank of Scotland

Bank of Scotland is a Bank / Wealth / Trust based in Edinburgh, United Kingdom.

## Overview

- **Organization type:** Bank / Wealth / Trust
- **Headquarters:** Edinburgh, United Kingdom
- **Region:** Europe
- **Address:** Edinburgh, United Kingdom
- **Founded:** 1695
- **Assets under management:** Undisclosed
- **Website:** www.bankofscotland.co.uk
- **LinkedIn:** https://uk.linkedin.com/company/bank-of-scotland

## Regulatory record

- **Reports private funds:** No

## About

Bank of Scotland is a UK-based bank founded in 1695 in Edinburgh. It offers personal, business, commercial, corporate, and private banking services. The bank serves individual customers, businesses, and corporate clients through online and phone banking solutions.

## Sectors

- Financial Services

## Questions

### Does Bank of Scotland still issue its own banknotes?

Yes. Bank of Scotland retains the right to issue its own sterling banknotes, a privilege dating to its founding Act in 1695. The notes are legal currency but not legal tender in Scotland; they circulate alongside notes from the Royal Bank of Scotland and Clydesdale Bank under separate issuing arrangements governed by the Banking Act 2009 and related regulations. The bank's note designs have historically featured Scottish cultural figures.

### What is the relationship between Bank of Scotland and Halifax?

Bank of Scotland merged with Halifax plc in 2001 to form HBOS plc (Halifax Bank of Scotland). The merger combined Scotland's oldest bank with the UK's largest mortgage provider. The two brands continue to trade separately within the Lloyds Banking Group, with Halifax focused largely on the English and Welsh mortgage and savings markets while Bank of Scotland maintains its Scottish retail and commercial banking presence.

### What is Bank of Scotland's known posture on wealth management or institutional asset allocation?

Bank of Scotland does not independently run institutional asset allocation or proprietary investment strategies like an OCIO or family office. Wealth management and investment services for Bank of Scotland customers are primarily delivered through the group's Lloyds Bank Private Banking or Schroders Personal Wealth, a joint venture Lloyds Banking Group established with Schroders in 2019. The bank's own asset base consists of its loan book, mortgage portfolio, and liquidity reserves.

## Related profiles

- [Bank of Saxony](https://altss.com/profile/bank-of-saxony)
- [Bank of Shanghai](https://altss.com/profile/bank-of-shanghai)

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Updated: 2026-06-03T20:00:00.000Z

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