In line with its obligations under the Equality Act 2010 (Gender Pay Gap Information) Regulations 2017, MBNA is required to publish information regarding its gender pay gap. These calculations are based on the snap shot date of 5 April 2017, at which point MBNA was a subsidiary of Bank of America Merrill Lynch (BofAML). The gender pay gap calculations have been independently reviewed and verified.
From 1 June 2017 MBNA became a subsidiary of Lloyds Banking Group plc and will be included as part of the Group’s gender pay gap reporting processes for 2018 onwards.
I can confirm that the above information is accurate.
Managing Director, Consumer Finance