Annual Report and Financial Statements

Overview

The report details Sainsbury's Bank's continued strategic withdrawal from Core Banking, including the successful migration of over 1 million customers to NatWest. It records the completion of the ATM and Travel Money disposals and new arrangements with Allianz UK, alongside a significant reduction in the Bank's balance sheet and workforce. The sustainability section explains that climate-related risks are managed at the J Sainsbury plc group level and that the Bank did not complete a TCFD assessment. The report also describes colleague support, customer outcomes and modern slavery controls during the transformation.

Document

Report type: Annual Report with Sustainability Disclosures
Class: Embedded
Scope: Full report
Fiscal year: 2025-2026
Period: Ends 28 February 2026
Language: English
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Restatement: Disclosed

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