Showing 10 out of 20 companies.
HSBC Holdings Plc, Lloyds Banking Group Plc, Barclays Plc, Standard Chartered Plc, and NatWest Group Plc are the top 5 UK-based Banks in 2021 by revenue. Collectively, the top UK-based Banks generated revenue of $224,026 million, where HSBC Holdings Plc was the highest ($80,558 million), and Bank of Ireland (UK) Plc stood the lowest ($890 million). 5 out of 10 companies had a revenue decline in 2021, with the highest revenue growth being registered by Lloyds Banking Group Plc (24.6%), and the lowest revenue growth being registered by OSB Group Plc (0.7%). The top 10 banks in the UK employed a total of 521,323 people in 2021. The United Kingdom-based HSBC Holdings Plc ltd is the leading bank in the UK by revenue in 2021. The Bank reported revenues of $80,558 million for the fiscal year ending December 2021 (FY2021). due to an increase of 4% in credit and lending revenue as a result of wider margins and a 9% growth in global trade and receivables finance driven by an increase in fee income in all the regions. HSBC Holdings Plc is a banking and financial services group, which provides retail, commercial, and private banking, and wealth management solutions. HSBC operates through four segments: Wealth and Personal Banking, Commercial Banking, Global Banking and Markets, and Corporate Centre. The group serves about 40 million customers in 64 countries and territories in Europe, Asia, the Middle East, Africa, North America, and Latin America. HSBC employed 218,866 people in 2021. Barclays Plc (Barclays) is another leading bank in the UK by revenue in 2021. The bank reported revenue of $38,047 million for the fiscal year ended December 2021 (FY2021), a decline of 1.03% as compared to the previous year. Barclays is a provider of personal, commercial, investment banking, and other financial solutions. Its offerings consist of deposit services and accounts, loans, cards, private banking, wealth management, and other solutions.
FAQs
Since 2014, HSBC Holdings had the largest annual revenue among the five largest banks in the United Kingdom. In 2023, HSBC's revenue amounted to roughly 51.92 billion British pounds. Barclays PLC followed, with revenue of 25.38 billion British pounds in 2023.
What are the banks ranked by revenue in the UK? ›
Since 2014, HSBC Holdings had the largest annual revenue among the five largest banks in the United Kingdom. In 2023, HSBC's revenue amounted to roughly 51.92 billion British pounds. Barclays PLC followed, with revenue of 25.38 billion British pounds in 2023.
Which bank has the most money in the UK? ›
HSBC Holdings has been deemed the seventh-largest bank globally and the largest in Europe in holding total assets. Although it was founded in Hong Kong in March 1865, it currently has its headquarters in the financial capital of the United Kingdom, London, and is the largest bank in the United Kingdom.
What are the top banks based on revenue? ›
The bank offers treasury services such as foreign exchange services, precious metals, treasury, and savings bonds, which employ 347,319 people.
- Agricultural Bank of China Ltd. ...
- Bank of China Ltd. ...
- JPMorgan Chase & Co. ...
- Bank of America Corp. ...
- Credit Agricole SA. ...
- Citigroup Inc. ...
- Banco Santander SA. ...
- HSBC Holdings Plc.
The retail and commercial banking markets are dominated by HSBC, Barclays, Lloyds Banking Group, NatWest Group and Spanish-owned Santander UK (most of these companies operate more than one banking brand in the UK).
What are the big four banks in the UK? ›
In relation to England and Wales, the phrase "big four banks" is currently used to refer to the four largest banking groups:
- HSBC.
- Barclays.
- Lloyds Banking Group.
- NatWest Group.
HSBC Holdings Plc, Lloyds Banking Group Plc, Barclays Plc, Standard Chartered Plc, and NatWest Group Plc are the top 5 UK-based Banks in 2021 by revenue.
Is HSBC bigger than Barclays? ›
At the end of 2023, Barclays had a market capitalization of almost 30 billion U.S. dollars, while Lloyds' market cap exceeded 38 billion U.S. dollars. HSBC is by the largest bank not only in the UK, but in Europe, with a market capitalization of over 156 billion U.S. dollars.
What are Tier 1 banks in the UK? ›
Since December 2020 the Core Indicator has been Tier 1 capital. The group currently includes Barclays, HSBC, Lloyds Banking Group, Nationwide, NatWest, Santander UK, Standard Chartered and Virgin Money.
What is the most financially secure bank in the UK? ›
If you're looking to 100% guarantee of your savings, the only bank able to offer that is NS&I. That's because it's part of the government and backed by HM Treasury, meaning every penny of your savings is protected, not just the FSCS limit.
What bank do the richest use? ›
The Most Popular Banks for Millionaires
- JP Morgan Private Bank. “J.P. Morgan Private Bank is known for its investment services, which makes them a great option for those with millionaire status,” Kullberg said. ...
- Bank of America Private Bank. ...
- Citi Private Bank. ...
- Chase Private Client.
Banks accept deposits from consumers and businesses and pay interest in return. They use deposits to issue loans and earn interest. A bank generates income when the interest it earns from loans exceeds the interest paid on deposits.
What is the top 3 bank in the UK? ›
The 5 Best Banks in the UK in 2024
- The Nationwide Building Society.
- Lloyds Bank.
- HSBC UK.
- Royal Bank of Scotland (RBS)
HSBC in the USA. HSBC, one of the world's largest banking and financial services organizations, has been connecting Americans to global opportunities since 1865.
How many different UK banks are there? ›
The banking system in the UK is made up of private and international banks, along with building societies. There are nearly 350 banks in the UK,¹ with a handful of large banks dominating the banking sector.
What is the UK bank ranked by assets? ›
Largest banks in the UK 2023, by total assets
As of 2022, HSBC was also the largest bank in Europe, and it stood as one of the global banking industry's leading institutions. Following HSBC, Barclays held the second-highest amount of assets in the UK, trailed by Lloyds.
How many Tier 1 banks are there in the UK? ›
Since December 2020 the Core Indicator has been Tier 1 capital. The group currently includes Barclays, HSBC, Lloyds Banking Group, Nationwide, NatWest, Santander UK, Standard Chartered and Virgin Money.
Which is the most profitable bank? ›
SBI provisions
In the previous fiscal (FY23), SBI was the most profitable company with a net profit of Rs 50,232 crore. Reliance Industries and HDFC Bank secured the second and third positions.
