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"As consumers look to make every pound work harder, it is a good time for Tesco to expand its presence.
"With a renewed focus on growth in the UK and internationally we can unlock the true potential of Tesco's retailing services."
In the eleven years since its launch, Tesco's personal finance business has been successful, making a ?206m profit last year and signing up five million customers.
However, progress has been slower in recent times and Tesco's market share in key segments such as savings and home insurance remain small.
Management expertise
Following the purchase of the RBS stake, Tesco plans to overhaul the running of the Edinburgh-based business to drive its expansion...
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