Birmingham Midshires Credit Rating
Birmingham Midshires is not a bank in its own right: it is a trading name of Bank of Scotland plc (FCA firm reference 169628), part of Lloyds Banking Group. Credit rating agencies rate the licence holder, not the brand, so Birmingham Midshires has no rating of its own. Bank of Scotland plc currently holds a blended long-term credit rating of AA-, which is investment grade; that is the rating shown on this page. Birmingham Midshires was a building society until it transferred its business to Halifax plc in 1999, and it is now a division of Bank of Scotland plc. Birmingham Midshires savings are closed to new and existing customers; the name continues in broker mortgages as BM Solutions. A credit rating is an opinion on an institution's ability to meet its obligations, not a guarantee, and it is separate from deposit protection.
Bank of Scotland plc
FCA: 169628
24 October 2026
1695
Bank of Scotland credit ratings by agency
| Agency | Long-term rating | Outlook | Last confirmed |
|---|---|---|---|
| Fitch Ratings | AA | — | 10 Jul 2026 |
| Moody's | A1 | — | 10 Jul 2026 |
| S&P Global Ratings | A+ | — | 19 Jul 2026 |
Rating History Chart
Rating History
| Date | Rating | Agencies |
|---|---|---|
10 Jul 2026 |
S&P, Moody's, Fitch | |
27 Jan 2026 |
S&P |
Service record: complaints, incidents and customer survey
Complaints: in the FCA's 2026 H1 file (January 2026 to June 2026), Bank of Scotland received 78,145 banking and credit-card complaints, 2.31 per 1,000 accounts. The bank upheld 65% of those it closed and closed 56% within three days. The previous period was 1.91 per 1,000, so complaints rose. Compare all banks.
Market signals, ownership and group accounts
Short positions: no disclosed net short position in the listed group's shares on the FCA's list (checked 24 October 2026).
Only positions of 0.5% or more per holder are disclosed, so this is a floor. Above 2% to 3% is unusual for a UK bank; it is a view on the listed group's shares, not on deposit safety, which the FSCS covers regardless.| Fiscal year | Profit before tax | Net income | Total assets | Equity | Dividends paid |
|---|---|---|---|---|---|
| Dec 2025 | £6.7bn | £4.7bn | £944.1bn | £47.9bn | £2.0bn |
| Dec 2024 | £6.0bn | £4.4bn | £906.7bn | £45.9bn | £1.8bn |
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Frequently asked questions about Birmingham Midshires
Is Birmingham Midshires safe?
Birmingham Midshires operates under Bank of Scotland plc's banking licence, and Bank of Scotland plc holds a blended long-term credit rating of AA-, which is investment grade. A rating is an independent opinion on the institution's ability to meet its obligations; it is not a guarantee and can change. Separately, eligible deposits with UK-authorised banks and building societies are protected by the FSCS up to £120,000 per person per banking licence. This page is information about published credit ratings, not financial advice.
What is Birmingham Midshires's credit rating?
Birmingham Midshires has no rating of its own. Its licence holder, Bank of Scotland plc, has a blended long-term credit rating of AA- from S&P, Moody's, Fitch; the per-agency figures are shown above.
Which bank is Birmingham Midshires part of?
Birmingham Midshires is a trading name of Bank of Scotland plc, FCA firm reference 169628, part of Lloyds Banking Group. Birmingham Midshires was a building society until it transferred its business to Halifax plc in 1999, and it is now a division of Bank of Scotland plc. Birmingham Midshires savings are closed to new and existing customers; the name continues in broker mortgages as BM Solutions.
Does Birmingham Midshires share an FSCS limit with Halifax or Bank of Scotland?
Yes. Birmingham Midshires and Halifax and Bank of Scotland all sit under Bank of Scotland plc's licence, so money held across them counts towards one £120,000 limit per person, not one limit each.
Does Birmingham Midshires share a licence with Lloyds Bank?
No. Lloyds Bank is separately licensed even though it is in the same group, so deposits there have their own £120,000 limit, separate from Birmingham Midshires's.