{"id":1409,"date":"2016-01-21T03:02:25","date_gmt":"2016-01-21T03:02:25","guid":{"rendered":"http:\/\/asadkarim.co.uk\/?p=1409"},"modified":"2016-01-06T12:04:13","modified_gmt":"2016-01-06T12:04:13","slug":"sainsbury-bank","status":"publish","type":"post","link":"https:\/\/www.asadkarim.co.uk\/?p=1409","title":{"rendered":"Sainsburys Bank"},"content":{"rendered":"

The UK Supermarket group Sainsbury’s has a bank.<\/p>\n

http:\/\/www.sainsburysbank.co.uk<\/a><\/p>\n

Started in 1997, as a joint venture with The Bank of Scotland, who is now owned by Lloyds Banking Group, it is now moving to a standalone bank, that is wholly owned and run by Sainsbury’s<\/p>\n

[http:\/\/www.j-sainsbury.co.uk\/media\/2475918\/sainsburys_bank_ar_2015_-_final_-_jul_15.pdf<\/a>]<\/p>\n

Balance sheet total assets \u00a34,237 million (\u00a34.2 Billion)<\/p>\n

What is interesting is that the deposits from savers make up \u00a33,488 million, and has loans of \u00a33,032 million to customers and only is dependent on wholesale funding of \u00a3171 million.<\/p>\n

Also interesting to see that Sainsburys Bank has Bank of England Reserve account balance of \u00a3773m.
\nWhat this tells us, is that the bank has deposited cash from its day to day to day operations with The Bank of England. That is 22% of all its customer deposits.<\/p>\n","protected":false},"excerpt":{"rendered":"

The UK Supermarket group Sainsbury’s has a bank. http:\/\/www.sainsburysbank.co.uk Started in 1997, as a joint venture with The Bank of Scotland, who is now owned by Lloyds Banking Group, it is now moving to a standalone bank, that is wholly owned and run by Sainsbury’s [http:\/\/www.j-sainsbury.co.uk\/media\/2475918\/sainsburys_bank_ar_2015_-_final_-_jul_15.pdf] Balance sheet total assets \u00a34,237 million (\u00a34.2 Billion) What […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1409","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/1409","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1409"}],"version-history":[{"count":2,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/1409\/revisions"}],"predecessor-version":[{"id":1411,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/1409\/revisions\/1411"}],"wp:attachment":[{"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1409"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1409"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.asadkarim.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1409"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}