Tesco are set to create 800 jobs in Scotland in their personal finance division.
The supermarket giant will open a new customer service centre in central Glasgow after receiving a £5 million grant from the Scottish government.
The Tesco Personal Finance (TPF) centre will manage customer sales and service for the personal finance sector of the business, with Tesco saying 'customer focus' will be key.
Andrew Higginson, chief executive of Tesco Retailing Services, said: 'The opening of the new customer service centre will be a significant step towards TPF offering a full banking service.
'It is hard to ignore that people's trust in the banking sector is at a very low ebb. Offering first class customer service, however, is central to our Tesco values and the new centre will most certainly help us put the Tesco into Tesco Personal Finance.'
The centre will open in the first half of 2010, transferring existing customers over by the end of 2011.
Benny Higgins, chief executive of Tesco Personal Finance, added: 'We have enjoyed a strong, supportive relationship with the Scottish government in reaching this decision.'
The announcement of the creation of hundreds of new jobs has been welcomed by chancellor Alistair Darling.
'This is a strong vote of confidence in Scotland's financial services industry from one of the UK's leading companies,' he said.
'And it shows that even at this difficult time, the Scottish and wider UK economy is still creating high quality jobs.'
The supermarket giant will open a new customer service centre in central Glasgow after receiving a £5 million grant from the Scottish government.
The Tesco Personal Finance (TPF) centre will manage customer sales and service for the personal finance sector of the business, with Tesco saying 'customer focus' will be key.
Andrew Higginson, chief executive of Tesco Retailing Services, said: 'The opening of the new customer service centre will be a significant step towards TPF offering a full banking service.
'It is hard to ignore that people's trust in the banking sector is at a very low ebb. Offering first class customer service, however, is central to our Tesco values and the new centre will most certainly help us put the Tesco into Tesco Personal Finance.'
The centre will open in the first half of 2010, transferring existing customers over by the end of 2011.
Benny Higgins, chief executive of Tesco Personal Finance, added: 'We have enjoyed a strong, supportive relationship with the Scottish government in reaching this decision.'
The announcement of the creation of hundreds of new jobs has been welcomed by chancellor Alistair Darling.
'This is a strong vote of confidence in Scotland's financial services industry from one of the UK's leading companies,' he said.
'And it shows that even at this difficult time, the Scottish and wider UK economy is still creating high quality jobs.'
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