Clydesdale Bank ( ) is a
commercial bank in Scotland, a
subsidiary of the National
Australia Bank (NAB) Group. In Scotland, Clydesdale
Bank is the third largest clearing
bank, although it also retains a branch network in London and the
north of England.
2001, Yorkshire Bank
NABG's subsidiary in England) became a part of Clydesdale Bank,
although it continues to trade under its own name.
Clydesdale Bank continues to issue its own banknotes for use in
Clydesdale Bank was founded in Glasgow in
The headquarters of Clydesdale Bank in
St Vincent Place, Glasgow
The Clydesdale later expanded throughout Scotland, and
later became the first Scottish bank to open branches in the north
of England. In 1919 the Midland Bank
acquired the Clydesdale Bank. In 1950 the Midland Bank merged the
Clydesdale with the North of
which it acquired in 1926.
The Midland Bank later sold its UK subsidiaries, including the
Clydesdale Bank, to NAB in 1987. The bank became part of NAB's UK and
Irish subsidiaries including Northern Bank in Northern Ireland; National Irish
Bank in Ireland.
1990 the Yorkshire Bank
part of the group.
In the 1970s the Clydesdale Bank became a pioneer in the use of
automated banking, including the widespread introduction of
keypads at branch counters. A new corporate identity (with a new
"CB" logo and a mustard-yellow colour scheme) was also
In 2001, the NAB Group transferred the assets and liabilities of
the Yorkshire Bank to the Clydesdale Bank as part of a
reorganisation of its British businesses by amalgamating two
banking licences into one. The National Australia
Group Europe Act 2001
was a private Act of Parliament passed to
facilitate the transfer. Yorkshire Bank is now a trading name of
the Clydesdale Bank in England.
In 2005 NAB sold Northern Bank and National Irish Bank to the
Danish Danske Bank
In July 2007 Clydesdale Bank became the main sponsor of the
Scottish Premier League
an £8 million four-year agreement.
the middle of the nineteenth century, privately owned banks in
Great Britain and Ireland were permitted to issue their own banknotes, and
money issued by provincial Scottish, English, Welsh and Irish
banking companies circulated freely as a means of payment.
While the Bank of England eventually gained a monopoly for issuing
banknotes in England and Wales, banks in Scotland and Northern
Ireland retained the right to issue their own banknotes and
continue to do so to this day. In Scotland, Clydesdale Bank, along
with Royal Bank of Scotland
and Bank of Scotland
, still prints
its own banknotes
A £20 Clydesdale Bank note.
The current series of notes issued by the Clydesdale Bank features
a different design for each denomination, each depicting a notable
person from Scottish history:
An image of Adam Smith also features on the £20 note issued in 2007
by the Bank of England
granting Smith the unique status of being the only person to
feature on banknotes issued by two different British banks, and the
first Scot to appear on a Bank of England banknote.
In early 2009 Clydesdale Bank announced a new series of banknotes
would be introduced later in the year. The obverse designs
will feature famous Scots while the reverse designs will feature
Scotland's UNESCO World Heritage
The Clydesdale Bank ceased issuing £1 notes in the late 1980s.
These latterly had an image of Robert the Bruce, whilst the
contemporaneous £20 notes had an image of Lord Kelvin
The £10 notes issued from 1971 bore an image of Scottish explorer
with palm tree
leaves and an illustration of African tribesmen
on the back. A later issue showed
Livingstone against a background graphic of a map of Livinstone's
Zambezi expedition, showing the River Zambezi, Victoria
Nyasa and Blantyre, Malawi; on the reverse, the African figures were replaced
with an image of Livingstone's birthplace in Blantyre.
Notes issued by Scottish banks circulate widely and may be used as
a means of payment throughout Scotland and the rest of the United
Kingdom; although they do not have the status of legal tender
they are accepted as promissory notes
. It should be noted that
paper money is legal tender in Scotland, even that
issued by the Bank of England (which is legal tender in England and
Occasionally the Clydesdale Bank issues special commemorative
banknotes to mark particular
occasions or to celebrate famous people. These notes are much
sought-after by collectors and they rarely remain long in
circulation. Examples to date have included:
2005, Clydesdale Bank became one of the official partners of the
Commonwealth Games Team, at the 2006 Commonwealth Games in Melbourne, Australia.
sponsorship builds on the relationship formed by its parent, NAB
Group, who are one of the Games' main sponsors as well as a key
partner with the Australian team, whilst the sister company,
Bank of New Zealand
, has joined
forces to support its national team. The bank also released a
series of Ten Pound (£10) notes with a Commonwealth Games
related theme for the
occasion. The bank is a major sponsor of the Glasgow 2014 Commonwealth