Bradford & Bingley International
| Company type | Subsidiary |
|---|---|
| Industry | Banking, Offshore finance |
| Predecessor | Bradford & Bingley (overseas banking division) |
| Founded | 1989 |
| Fate | Merged into Alliance & Leicester International in 2011; operations transitioned to Santander UK plc Isle of Man branch in 2013 |
| Headquarters | Isle of Man |
Area served | Isle of Man, British expatriates, UK non-domiciled individuals, Channel Islands, global expatriates |
| Parent | Santander Group (from 2008) |
Bradford & Bingley International (BBI) functioned as the overseas banking division of Bradford & Bingley until its acquisition by the Santander Group in 2008.
On 5 August 2011, the operations of BBI were consolidated into Alliance & Leicester International (ALIL), another entity under Santander located on the Isle of Man. ALIL specialized in offering international savings accounts primarily to residents of the Isle of Man, British expatriates, UK non-domiciled individuals, inhabitants of the Channel Islands, as well as expatriates globally. Subsequently, on 7 May 2013, ALIL's services were transitioned to the Isle of Man branch of Santander UK plc.
History
Established in 1989, BBI expanded its deposit base to exceed £3 billion before being acquired by Abbey National, which is a subsidiary of Santander UK. This acquisition occurred amidst the UK Government’s nationalisation of Bradford & Bingley plc and encompassed its UK savings operations.
In October 2009, Bradford & Bingley International and Alliance & Leicester International appointed identical board members and were integrated into Santander UK's wealth management sector. Additionally, Abbey International underwent rebranding to become Santander Private Banking in 2011.
Prior to the expiration of the Bradford & Bingley trademark licence in September 2011, BBI was merged into Alliance & Leicester International on 5 August 2011.