Vanquis Bank Limited Credit Rating
Vanquis Bank Limited holds a blended long-term credit rating of BB- — the "Lower Medium" band, which is below investment grade, with a positive outlook. That figure combines the latest long-term issuer ratings from Fitch onto a single comparable scale, and indicates a capacity to meet its commitments that is currently in place but vulnerable to adverse business or economic conditions. Vanquis Bank Limited is owned by Vanquis Banking Group (public). A credit rating measures an institution's ability to meet its financial obligations — it is an opinion, not a guarantee, and it is separate from deposit protection.
Vanquis Bank credit ratings by agency
| Agency | Long-term rating | Outlook | Last confirmed |
|---|---|---|---|
| Fitch Ratings | BB- | Positive | 10 Jul 2026 |
Rating History Chart
Rating History
| Date | Rating | Agencies |
|---|---|---|
10 Jul 2026 |
Fitch |
Service record: complaints, incidents and customer survey
Complaints: in the FCA's 2025 H2 file (July 2025 to December 2025), Vanquis Bank received 18,304 banking and credit-card complaints, 12.95 per 1,000 accounts. The bank upheld 30% of those it closed and closed 32% within three days. The previous period was 16.32 per 1,000, so complaints fell. Compare all banks.
Market signals, ownership and group accounts
Short positions: 2.83% of Vanquis Banking Group plc's shares were held in disclosed net short positions at 9 October 2026, per the FCA's aggregated disclosures.
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.Shareholding changes disclosed under the FCA's major-holdings rules in the last two years (listed group's shares):
| Date | Holder | From | To |
|---|---|---|---|
| 8 Sep 2026 | Harwood Capital LLP | 4.29% | 5.07% ▲ |
| 8 Jul 2026 | Norges Bank | 3.78% | 2.98% ▼ |
| 3 Jul 2026 | Schroders Plc | 11.00% | 10.98% ▼ |
| 19 Jun 2026 | Schroders Plc | 10.92% | 11.00% ▲ |
| 10 Jun 2026 | Redwood Capital Management, LLC | 11.94% | 10.94% ▼ |
| 29 May 2026 | Harwood Capital LLP | 3.12% | 4.29% ▲ |
| 28 May 2026 | Redwood Capital Management, LLC | 12.81% | 11.94% ▼ |
| 28 May 2026 | Schroders Plc | 11.66% | 10.92% ▼ |
| Fiscal year | Profit before tax | Net income | Total assets | Equity | Dividends paid |
|---|---|---|---|---|---|
| Dec 2025 | £8m | £8m | £3.9bn | £487m | £0 |
| Dec 2024 | -£138m | -£119m | £3.4bn | £441m | £3m |
Latest News
Banks with Similar Ratings
Frequently asked questions about Vanquis Bank Limited
Is Vanquis Bank Limited safe?
Vanquis Bank Limited currently holds a blended long-term credit rating of BB-, which is below investment grade and indicates a capacity to meet its commitments that is currently in place but vulnerable to adverse business or economic conditions. A credit rating is an independent opinion on an institution's ability to meet its financial obligations; it is not a guarantee and can change. Separately, Eligible deposits with UK-authorised banks and building societies are protected by the Financial Services Compensation Scheme (FSCS) up to £120,000 per eligible person, per banking licence (the limit rose from £85,000 on 1 December 2025). Where several brands share a single banking licence, that £120,000 limit is shared across those brands rather than applying to each one separately. This page is information about published credit ratings, not financial advice.
What is Vanquis Bank Limited's credit rating?
Vanquis Bank Limited has a blended long-term credit rating of BB-, with a positive outlook. This blends the most recent long-term issuer ratings from Fitch, mapped onto a common scale so ratings expressed in different agencies' notation can be compared directly.
Is Vanquis Bank Limited covered by the FSCS?
Eligible deposits with UK-authorised banks and building societies are protected by the Financial Services Compensation Scheme (FSCS) up to £120,000 per eligible person, per banking licence (the limit rose from £85,000 on 1 December 2025). Where several brands share a single banking licence, that £120,000 limit is shared across those brands rather than applying to each one separately. Vanquis Bank Limited is recorded with FCA reference 221156. Because protection follows the banking licence rather than the brand, check the current position and which brands share a licence on the FSCS website before relying on it.
Who owns Vanquis Bank Limited?
Vanquis Bank Limited is owned by Vanquis Banking Group (public). Ownership matters for credit ratings because agencies often factor in the likelihood of support from a parent group, and because brands under the same banking licence share a single FSCS limit.
What does a BB- credit rating mean?
BB- sits in the "Lower Medium" band, indicating a capacity to meet its commitments that is currently in place but vulnerable to adverse business or economic conditions. Ratings of BBB- (or Baa3 on Moody's scale) and above are considered investment grade; anything below that is regarded as speculative, sometimes called "high yield". Ratings are reviewed periodically and can be upgraded or downgraded.
What is Vanquis Bank Limited's Fitch rating?
Fitch rates Vanquis Bank Limited BB- (long-term) with a positive outlook, as read from the bank's own published disclosures and last confirmed on 10 July 2026.
When did Vanquis Bank Limited's credit rating last change?
Vanquis Bank Limited's blended rating has stood at BB- since 10 July 2026, the most recent change in our records. Ratings are re-checked automatically and this page updates when an agency revises its assessment.