CYBG plc
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|
| Public | |
| Traded as | : ASX: CYB |
| Industry | Finance and Insurance |
| Founded | 2016 |
| Headquarters | |
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Key people
|
Jim Pettigrew, (Chairman) David Duffy (CEO) |
| Products | Financial services |
| Revenue | £997 million (2016) |
| £77 million (2016) | |
| £(164) million (2016) | |
| Total assets | £39.929 billion (2016) |
| Total equity | £3.211 billion (2016) |
| Subsidiaries |
Clydesdale Bank Yorkshire Bank |
| Website | www |
CYBG plc (Clydesdale and Yorkshire Banking Group) is a holding company that owns Clydesdale Bank and Yorkshire Bank in the United Kingdom. It was formed by National Australia Bank (NAB) in February 2016, in advance of the divestment of its UK business through a stock market flotation. It is listed on the and is a constituent of the FTSE 250 Index.
National Australia Bank acquired Clydesdale Bank in 1987 and Yorkshire Bank in 1995.Fred Goodwin, an accountant working for Touche Ross, worked on the acquisition of Clydesdale Bank. In 1995 Goodwin, with little direct banking experience, was appointed deputy CEO of the Clydesdale. Clydesdale and Yorkshire began operating under a single banking licence in the UK in 2005: Yorkshire became a division of Clydesdale but retained its own name for trading purposes.
National Australia Bank confirmed in October 2014 that it planned to exit the UK, and was considering a number of options for Yorkshire and Clydesdale Banks, including a possible stock market listing. Clydesdale and Yorkshire were demerged and placed in a separate holding company which was listed on the and Australian Securities Exchange for conditional share trading on 3 February 2016. Unconditional trading began on 8 February 2016.
The operational headquarters of CYBG plc are located in Glasgow and its registered office is in Leeds.
Operational headquarters, Vincent Place, Glasgow
Registered office, Woodhouse Lane, Leeds
Offices on Wade Lane, Leeds
...
Wikipedia