10 September 2014

TSB Statement

Given the increased focus on next week's Scottish Referendum, TSB Banking Group can confirm it has been considering the impact of Scottish Independence on its business.

Although the implications of Scottish Independence remain unclear, it is likely that in the event of a "yes" vote, TSB will establish additional legal entities in England. Any change in TSB's legal structure would be taken in the interests of our customers and business.

In the event of a "yes" vote, it is clear that Independence will not happen straight away and there would be a period of time between the Referendum and implementation of Independence which we expect would provide sufficient time for us to consider and implement any necessary changes.

-ends-

Media Contacts

Follow us on Twitter: @TSB_News

www.tsb.co.uk/media


Notes to editors

TSB Banking Group Plc is registered in England.

TSB Bank Plc is registered in Scotland.

TSB has 631 branches across Britain, with 189 branches and almost 2,000 Partners based in Scotland