Bank of Scotland Logo – The Bank of Scotland plc is a commercial bank and clearing, based in Edinburgh, Scotland. With a history dating from the seventeenth century, is the oldest bank still survives in what is now the United Kingdom and is the only commercial institution created by the Scottish Parliament there yet. He was also the first bank in Europe which printed its own paper money. While the Bank of Scotland has no functions and central bank, continues to print its own sterling, together with two other Scottish commercial banks, under legal agreements that allow some UK banks to issue currency.
Since September 10th of 2001, Bank of Scotland became part of HBOS following the merger with Halifax (former Halifax Building Society). The Bank of Scotland has a 50% of Sainsbury’s Bank, with Sainsbury’s the owner of the other half. On September 17th of 2007, the Regulator and the Company of Bank of Scotland became Bank of Scotland in a corporation as part of the Reorganization Act of the HBOS Group, approved by the UK Parliament. More