Tesco
Tesco Bank opened in 1997 and since 2008 has been owned by retail giant Tesco (Reuters)

Tesco Bank is to create 300 new jobs in Scotland as it prepares to launch a current account next year.

The positions will be filled in Glasgow and Edinburgh and will form part of a new team responsible for serving current account customers in 2014.

The lender, which opened in 1997 and since 2008 has been owned by retail giant Tesco, announced 240 roles would be created in customer service and 58 head office roles.

The employer currently has around 4,000 workers in Edinburgh, Glasgow and Newcastle

"We now have more than 6.8 million accounts and offer straightforward, transparent products which reward loyalty and provide great value," said Benny Higgins, chief executive of Tesco Bank.

He added: "We are making excellent progress towards the launch of our current account next year and the recruitment of these new roles is an important milestone in that process."

Tesco Bank said it will offer a competitive basic salary and pension scheme to for the staff.

In addition, the organisation stressed all employees will receive extensive training to ensure they can provide "great customer service".