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

BankMarket value (£bn)

As of October 2013

Assets (£bn)

As of 31 March 2017

1. HSBC1261,936
2. Lloyds Banking Group
(Bank of Scotland/Halifax)
53.5817
3. Barclays43.61,203
4. Royal Bank of Scotland Group
Natwest, Ulster Bank
42.0783
5. Standard Chartered36.7526

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.
  • Post Office Money

Government Ownership of UK Banks

  • Royal Bank of Scotland Group 73% 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 0.5 million 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 UK’s 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

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15 thoughts on “Top 10 British Banks

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  2. 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.

  3. 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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