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Abbey National plc (trading as Abbey) is the United Kingdom’s sixth biggest bank, and Europe's second largest mortgage lender. Abbey's registered office is in London and its main corporate centre is in Milton Keynes.
- Abbey was the first of the UK building societies to demutualise, which it did in July 1989, floating at £1.30 per share on the London Stock Exchange. As a result, Abbey National plc had an unusually large number of small shareholders; approximately 1.8 million initially.
- Abbey National took over the Bradford-based National & Provincial Building Society in 1995.
- Abbey National shares peaked at more than £14 in 2000, before the stock market began a long decline.
- Abbey National changed its trademark to Abbey in 2003, (although it remained registered as Abbey National plc. The name could not be legally changed as the name Abbey plc was already taken by an Irish property development company, also listed on the London Stock Exchange.
- Abbey became part of Grupo Santander on 12 November 2004.
- Abbey also owns Theoutlets.co.uk to provide their customers with financial services such as secured loans and unsecured loans.
Visit www.abbey.com for a quote.
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