TSB BANK PLC

• ◆

  7 officer resignations in last 12 months

  Multiple officers have left the board recently — see the People section for who.

Accounting basis

IFRS

Reporting scope

Consolidated group

Auditor

KPMG LLP

Audit opinion

Unqualified (clean)

Going concern

Affirmed

“The directors made an assessment of the Group and parent Company’s ability to continue as a going concern, discussing the principal risks and projections of capital, funding and liquidity. TSB’s business activities and objectives, together with the factors likely to affect its future development, performance and position are set out in the Strategic Report (pages 3-41). The directors have a reasonable expectation that the monitoring will be able to continue in operation and meet its liabilities as they fall due in the going concern assessment period.”

Group structure

1. TSB BANK PLC · parent
   1. TSB Covered Bonds
   2. TSB Covered Bonds LLP
   3. Duncan Holdings 2022-1 Limited
   4. Duncan Funding 2022-1 plc
   5. Duncan Holdings 2024-1 Limited
   6. Duncan Funding 2024-1 plc

Significant events

• “In April, we submitted to the appropriate victim survivors by providing those who are escaping an abuse with Holistic Guard Extra, a personal safety application.”
• “In 2025, we collaborated with our charity partners – Hestia, Women’s Aid and Surviving Economic Abuse – in shaping our response to TSB customers and colleagues experiencing domestic or financial abuse.”
• “In April, TSB appointed Sam Beckinsale, domestic abuse survivor, as its first Economic Abuse Ambassador.”
• “In May we were awarded the Gold Local Payment Champion Award, the highest recognition under the UK Payment Code.”
• “In 2025, we paid 96% of all payers within 30 days (2024: 98%).”
• “In 2025, TSB launched a one-off TSB Community Fund – a colleague-led grants programme designed to help local charities make a difference where it matters most.”
• “Volunteering in an integral part of our corporate giving strategy with every colleague offered 8 hours of paid TSB time per year to volunteer.”
• “In 2025, 23% of colleagues volunteered, compared to an industry average of 13%.”
• “Over 7,500 hours to help those who need it the most.”
• “Since the launch of our partnership with Neighbourly, a volunteering platform, in 2023, 1,052 TSB colleagues have delivered over 242 volunteering events.”
• “As part of the volunteering programme, colleagues deliver financial education to under-resourced secondary schools.”
• “In 2025, through our Money Confident Communities Programme, colleagues delivered more than 100 financial education workshops benefiting almost 5,000 students.”

Auditor, going-concern and subsidiary information is drawn from the narrative of the latest annual accounts. About these numbers

Filings

20

last 12 months

Capital events

0

last 24 months

Officers appointed

7

last 12 months

Officers resigned

7

last 12 months

Direct counts from the register. No score, no rating — see the Filing timeline for the underlying events.