Scottish state-owned bank makes record loss of almost £140 million

New SNIB chief executive David Ritchie (Image: Scottish National Investment Bank)

THE Scottish National Investment Bank (SNIB) made a net loss of almost £140 million last year, according to its accounts.

Three investments made in the early years of the bank – which was set up by Nicola Sturgeon during her time as first minister – have failed, leading to £65m in realised losses in the 2025-26 financial year.