Tesco Bank Is Launched
Tesco has launched its own bank (Tesco Bank) but the supermarket has said it will not be doing mortgages and current accounts till 2011.
Tesco has decided that is wanted to do away with its old name of Tesco Personal Finance and rename it,
“We wanted a name that does what it says on the tin.”
Tesco bosses said.
In the meantime Tesco still plans to offer insurance products loans and credit cards, they have signed up over 300 thousand customers so far this year making a total of over 6 million and have made a profit in excess of £115 million.
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