Nationwide said it has underlined its commitment to Scotland as it expands its presence at 177 Bothwell Street – Glasgow’s largest office building.
The former Virgin Money headquarters, which will also be rebranded to Nationwide later this year, is in the heart of Glasgow’s business district.
Around 3,000 staff will be based there as Nationwide — a building society mutually owned by its customers — grows it business banking operation.
Nationwide, currently based in Swindon, will take a further two floors of office space – bringing the total to five – from spring 2027.
Nationwide CEO Debbie Crosbie is a former top executive at Clydesdale Bank, Virgin Money and TSB.
Debbie Crosbie, Nationwide CEO
The Bothwell Street office, which offers a panoramic view of Glasgow’s city centre, also boasts a 150-metre rooftop running track. It is one of Glasgow’s most sustainable buildings, using 100 per cent renewable energy from a South Lanarkshire wind farm, with zero-carbon emissions.
Nationwide said it now has Scotland’s largest branch network, with a total of 80 branches across the country. This includes 44 Nationwide and 36 Virgin Money branches, which will all remain open until at least 2030.
CEO Crosbie said: “Scotland is central to Nationwide’s future growth and our Bothwell Street office is at its heart.
“We are already connected to a large number of families and businesses in Scotland and we’re looking forward to bringing the benefits of the UK’s biggest building society and largest branch network to even more Scottish communities.”
Stephen Flynn, Scottish Government Cabinet Secretary for Economy, Tourism and Transport, said: “Glasgow has a strong international reputation as a financial centre and I am delighted Nationwide is making Bothwell Street home of its Scottish operations, investing in the people and the place to support future growth and innovation.
“I look forward to the new expanded offices bringing new opportunities for business, staff and customers in the years ahead.”