The Isle of Man branch of Santander UK plc is one of the Isle of Man’s largest deposit takers. Our presence in the Isle of Man can be traced back to the 1990’s when the businesses of Abbey National International (ANIL), Alliance & Leicester International (ALIL) and Bradford & Bingley International (BBIL) first opened their doors.
In 2004, ANIL was acquired by Santander UK plc and an Isle of Man branch of Santander UK has continued to offer mortgages to local residents.
In 2008, the savings businesses of both ALIL and BBIL became part of the Santander Group. On 5 August 2011, the savings business of BBIL was transferred to ALIL ahead of the expiry of the Bradford & Bingley trademark licence.
On the 7 May 2013, the savings business of ALIL transferred to the Isle of Man branch of Santander UK plc, bringing together all aspects of the Isle of Man based mortgage and savings operations.
Santander UK plc
Santander UK is part of the worldwide Santander Group, and is a major financial services provider in the UK, offering a broad range of personal and commercial financial products and services. Santander UK’s success is built from its focus on retail and commercial banking and has consistently delivered strong financial results with profits and revenues supported by strong cost-management and focused control of risk.
Whilst part of the Banco Santander Group, Santander UK plc operates under the ‘Subsidiary Model’, with a responsibility for its own liquidity, funding and capital management. The Subsidiary Model is intended to minimise the risk from problems arising elsewhere in the group. Santander UK’s vision is to deliver the best customer experience and build a responsible business that services the financial needs of every customer in a more personalised way; to be a bank that offers added-value to help individuals, families and businesses achieve their ambitions.