Top 10 British Banks

In recent years, the British Banking system has become highly concentrated due to the wave of mergers following the credit crunch.

Top 5 British Owned banks

Bank Market value (£bn)

As of 24 February 2011

Assets (£bn)

As of 31 December 2008

HSBC 122.4 1,736
Royal Bank of Scotland Group 49.9 2,508
Lloyds Banking Group 44.3 1,195
Barclays 38.3 2,320
Standard Chartered 37.1 299

Smaller Banks

  • Co-operative Bank owned by The Co-operative Group.
  • Sainsbury’s Bank: 50% owned by British supermarket company Sainsbury’s and 50% owned by Lloyds Banking Group.
  • Tesco Bank: owned by British supermarket company Tesco.

Government Ownership of UK Banks

  • Royal Bank of Scotland Group 84% owned by government
  • Lloyds Banking group 43% owned by government

10 Largest UK Retail Banks

  1. HSBC
  2. Royal Bank of Scotland
  3. Lloyds TSB
  4. Halifax (owned by Lloyds)
  5. Bank of Scotland (owned by Lloyds)
  6. Barclays
  7. Santander (Spanish Owned) (was Abbey, also incorporated Bradford & Bingley)
  8. Co-operative
  9. Nationwide (classed as building society)
  10. Tesco bank

 

 

 

Some interesting facts about British banks.

  • They employ 0.5million people
  • Banks and financial services contribute £70bn to the UK’s national output (6.8% of GDP)
  • Banks and financial services provide 25% of total corporation tax (£8bn) to the UK Gov
  • The main retail banks provide over 125m accounts, clear 7bn transactions a year and facilitate 2.3bn cash withdrawals per year from its network of over 30,000 free ATMs
  • Banks provide banking services to 95% of the UKs population
  • The value of foreign exchange business passed through London every day is £560bn ($1 trillion)

Source: Top 10 British Bank facts at BBA

Banks Definition at economics dictionary

16 Responses to Top 10 British Banks

  1. Krishna Desai February 18, 2009 at 12:40 pm #

    I would like a list of Top 20 UK Banks – Capital

  2. RINESH N.K August 1, 2009 at 6:15 pm #

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  3. bobby-lee October 22, 2009 at 1:40 pm #

    top ten banks

  4. emma November 2, 2009 at 11:24 am #

    can’t u put the top 20?

  5. freak November 2, 2009 at 11:29 am #

    PUT THE TOP 20 ON!!!!!!!

  6. loans April 15, 2010 at 2:23 pm #

    Good list but their are other good banks not listed above

  7. putu mardika May 14, 2010 at 12:37 am #

    have you hear about national trust bank in london

  8. Ruddy February 20, 2011 at 2:00 am #

    Is Access Bank the Top 200 banks in world or London UK (FSA)

  9. John July 11, 2011 at 2:02 pm #

    Good List, Thx

  10. papierpersonne July 26, 2012 at 1:31 am #

    How is Lloyds 3rd? I’ve heard nothing but bad things about them. From across the board not just customers. I think you need to re-evaluate your list, sir.

  11. Bo Quist February 14, 2013 at 7:11 pm #

    Have anyone ever heard about British Top Bank PLC, 57 Sandington Drive, CW8 2ZA Cheshire, phonenr: 0044 701 296 4776.

    Is this a feak Bank?

    Best regards

    Bo

  12. David Walker July 25, 2013 at 9:25 am #

    Who put this list on ?

    How can Lloyds banking group be worth anything , any business that looses money year on year and is almost entirely owned by us the tax payer is at the present time not worth anything it cant be .

    In respect to Lloyds they are woeful

    same with Royal Bank of Scotland

    If these two banks were in any other industry but banking they would be nothing more than a distant memory now as Woolworths

    I am looking for a bank which provides a service and has not had a bail out, are there any

    Dave

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