CYBG (Clydesdale Bank Brand)

– in the Scottish Parliament on 20th June 2019.

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Photo of Murdo Fraser Murdo Fraser Conservative

Yesterday, the banking group CYBG announced that it would be dropping the Clydesdale Bank brand after 175 years. Does the First Minister share my concern about the loss of that historic and iconic Scottish brand? Although CYBG says that it intends to continue issuing Clydesdale Bank notes despite the rebrand, is she as worried as I am that that important part of Scottish banking heritage could be under threat in the longer term?

Photo of Nicola Sturgeon Nicola Sturgeon Scottish National Party

The decision is for CYBG, not the Scottish Government, but all of us want important Scottish brands to be preserved. I hope that CYBG will think about that as it makes the changes that it has announced, so that the brand of Clydesdale Bank notes can continue. As we do with all banks and companies, we will continue to discuss such issues, to raise any concerns that we have and to support them as much as we can as they take decisions that they consider to be right for their own business interests.