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Tesco Bank chief hails great progress

THE chief executive of Tesco Bank said it has been making great progress amid the toughest trading conditions for generations, although the company has delayed the launch of a key weapon in its armoury.

delighted: Benny Higgins is satisfied with results amid tough trading conditions. Picture: Chris Watt
delighted: Benny Higgins is satisfied with results amid tough trading conditions. Picture: Chris Watt

Benny Higgins said the bank has taken large strides following the takeover of the business by the giant retailer in 2008, since when it has opened a head office in Edinburgh and an operations base in Glasgow.