Global banking giant HSBC is to create 19 full-time jobs as it establishes a commercial centre in Dundee its first presence in the city.
The bank, which has only six branches in Scotland, said it would also create 100 jobs across the country as part of a £9 million investment, doubling the number of branches.
A spokeswoman said, “We can’t confirm the exact location of the new centre as it is still part of an ongoing planning application. It will be a state-of-the-art centre, with a commercial team located within the branch, so it will be both a commercial and retail centre.”
A new branch will be built in Stirling this summer, followed by the Dundee centre and a major development in Aberdeen. An HSBC spokesman said locations in Falkirk, Dumfries and Hamilton were also being “explored”.
The bank said it has been “steadily and consistently growing” its business in Scotland and recently reported 20% growth across some divisions.
John Rendall, chief executive officer of HSBC in Scotland, said, “This significant investment underlines HSBC’s confidence in Scotland, its businesses and its people. Our growth strategy is focused purely on opportunity and demand.
“Over the past year, we’ve increased our business and retail lending, increased our SME and personal banking customer base, and experienced an uplift in demand for our services from premier banking right through to corporate and structured banking.
“We understand that maintaining quality service for existing customers and accelerating our growth rate requires us to continually invest in our teams and our branches.
“From meeting and speaking with customers and prospects, we’ve been encouraged by how receptive people have been to HSBC in Scotland.”
Around 3000 people are employed by HSBC in Scotland.