Tesco Bank to create 300 jobs in Scotland

Tesco's pledge to create almost 300 jobs in Scotland has been welcomed by the First Minister.

Upon the launch of its new current account next year, the bank will employ 240 customer service staff and a total of 58 head office positions, with opportunities in marketing and legal services.

Alex Salmond said: "I welcome Tesco Bank's commitment to further increase their presence in Scotland with the introduction of this new product and the pledge of 300 new jobs.

"This announcement demonstrates the confidence in the robust skills and talent of the Scottish workforce, and its capacity to deliver success in the financial services industry. It further strengthens Scotland's position as an attractive country to invest in."

He added: "The Scottish Government, Scottish Enterprise and Scottish Development International continue to work together with industry to deliver jobs and investment across the financial sector."

Tesco Bank's main office in South Gyle Crescent, Edinburgh, will be home to some of the jobs, as well as Glasgow's Renfield Street.

Currently, there are 4,000 workers employed by the bank across four offices in Edinburgh, Glasgow and Newcastle.

Chief executive Benny Higgins said: "We are making excellent progress towards the launch of our current account next year and the recruitment of these new roles is an important milestone in that process."

The Secretary of State for Scotland Alistair Carmichael said the announcement is "great news for Scotland".

He added: "It is a strong endorsement of the skills and expertise that the workforce in Glasgow and Edinburgh possess and their qualities as places to do business.

"Scotland is a strong and attractive location for financial services business. We greatly benefit from the large and highly integrated UK market and the UK's position as a global leader in financial services. This gives regulators, firms and individuals confidence to invest as today's announcement underlines."

Most of the jobs on offer are full-time positions on permanent contracts.

Copyright Press Association 2013