Lloyds Bank GmbH products, services and reviews

About Lloyds Bank GmbH

Lloyds Bank GmbH is a German credit institution based in Berlin and owned by Lloyds Bank plc, part of Lloyds Banking Group. It was created in 2018 by converting the former Berlin branch of Lloyds Bank plc into a standalone German entity, allowing it to operate across the EU/EEA under a German license. In the German retail market it trades mainly under the Bank of Scotland brand, offering online savings accounts (overnight and fixed-term) and unsecured installment loans; it does not provide a current account, cards, cash services, or a securities platform. Customer onboarding and servicing are digital, with identification via VideoIdent or PostIdent and strong customer authentication in line with PSD2. Deposits are covered by the German statutory deposit guarantee scheme (Entschädigungseinrichtung deutscher Banken) up to the legal limit per depositor, and the bank is supervised by BaFin and the Deutsche Bundesbank and subject to CRR/CRD prudential requirements. Funding is primarily sourced from German retail deposits and intragroup lines, while lending is concentrated in German consumer credit and, via its Netherlands branch, residential mortgages; the retail franchise is narrow and there is no full-service branch network. Savings accounts support SEPA transfers and typically require a reference account for withdrawals; term deposits cannot generally be terminated before maturity except under statutory provisions. Consumer loans are fixed-rate with amortizing repayments, assessed using internal credit scoring; early repayment is possible subject to German civil code rules on prepayment compensation. Pricing, interest rates, and eligibility criteria are published by the bank and change over time, and service delivery is centered on online channels and call-center support rather than in-person banking.