A brief background to Nationwide International

Nationwide International Ltd is a wholly owned subsidiary of Nationwide Building Society.

In 1989 the Isle of Man Financial Supervision Commission, the Island's financial services regulator, issued six licences for building societies to operate in the Isle of Man. In May of that year Nationwide opened a branch operation in the Island's capital, Douglas. During the first two years the branch operated in traditional markets offering savings accounts to the local resident population.

In 1990, Nationwide established a subsidiary company, then called Nationwide Overseas Limited, which developed a range of savings accounts designed specifically to enable depositors to benefit from the Isle of Man’s advantageous ‘offshore’ status.

Since then the business has developed on a truly international scale and the Company now has customers resident in some 160 countries throughout the world. Nationwide International's head office is located in the Isle of Man, however it also has a representative office based in Gibraltar.

In January 1997, the Company changed its name to Nationwide International, which the directors felt more truly reflected the nature of the business.