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 October 2013 | Assets (£bn) As of 31 March 2017 |
|---|---|---|
| 1. HSBC | 126 | 1,936 |
| 2. Lloyds Banking Group (Bank of Scotland/Halifax) | 53.5 | 817 |
| 3. Barclays | 43.6 | 1,203 |
| 4. Royal Bank of Scotland Group Natwest, Ulster Bank | 42.0 | 783 |
| 5. Standard Chartered | 36.7 | 526 |
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
- HSBC
- Royal Bank of Scotland
- Lloyds TSB
- Halifax (owned by Lloyds)
- Bank of Scotland (owned by Lloyds)
- Barclays
- Santander (Spanish Owned) (was Abbey, also incorporated Bradford & Bingley)
- Co-operative
- Nationwide (classed as building society)
- 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
Related
I would like a list of Top 20 UK Banks – Capital
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top ten banks
can’t u put the top 20?
PUT THE TOP 20 ON!!!!!!!
have you hear about national trust bank in london
Is Access Bank the Top 200 banks in world or London UK (FSA)
Good List, Thx
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.
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
good job