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 28 October 2024

Top 50 Banks in the United Kingdom 2023

Anna MileikoWritten by Anna Mileiko

Top 50 Banks in the United Kingdom 2023

In 2023, 50 largest (top) banks in the United Kingdom comprised together 67.81 % of the country's banking assets. Slightly more than the half of these banks (35) have domestic capital, while 15 banks are foreign-controlled (representing 9 different countries, namely United States, Spain, Switzerland, Canada, Japan, Sweden, China, Bahrain, Ireland). British domestic banks usually operate as universal banks, while the foreign-controlled banks are focused on corporate and investment banking. Almost all of the 50 top banks are commercial banks (42), followed by building societies (6), savings banks (1) and branches of foreign banks (1).

Out of 50 banks, 30 banks reported an increase in total assets. 40 banks reported annual profit, while 4 reported annual loss (profit and loss data are not available for the building societies).



Top 50 Banks in the UK 2023

67.81 % of the country's banking assets

35 domestic banks

15 foreign-controlled banks from 9 countries

30 banks reported increased total assets

40 banks reported annual profit

List of 50 Top Banks in the United Kingdom in 2023

RankPrev. RankNameTotal Assets (mln)Market ShareAnnual Profit (mln)Country of Origin
11Barclays Bank plc1185166.00 GBP 11.46%3561.00 GBP GB United Kingdom
22HSBC Bank plc702970.00 GBP 6.80%1725.00 GBP GB United Kingdom
33J.P. Morgan Securities plc668549.73 USD 5.08%2578.17 USD US United States
44Morgan Stanley Bank International Ltd550050.00 USD 4.18%1049.00 USD US United States
55Lloyds Bank Plc419441.00 GBP 4.05%3479.00 GBP GB United Kingdom
66National Westminster Bank411749.00 GBP 3.98%3509.00 GBP GB United Kingdom
78HSBC UK Bank Plc332876.00 GBP 3.22%5254.00 GBP GB United Kingdom
87Standard Chartered Bank418149.00 USD 3.18%3237.00 USD GB United Kingdom
99Bank of Scotland321109.00 GBP 3.10%335.00 GBP GB United Kingdom
1010Barclays Bank UK Plc293559.00 GBP 2.84%1922.00 GBP GB United Kingdom
1111Santander UK275448.00 GBP 2.66%1541.00 GBP ES Spain
1212Nationwide Building Society271893.00 GBP 2.63% GB United Kingdom
1315BARCLAYS CAPITAL SECURITIES LIMITED165702.24 GBP 1.60%212.86 GBP GB United Kingdom
1413NATWEST MARKETS PLC150658.00 GBP 1.46%-98.00 GBP GB United Kingdom
1514Credit Suisse International122418.00 USD 0.93%-1793.00 USD CH Switzerland
1617Clydesdale Bank plc91715.00 GBP 0.89%249.00 GBP GB United Kingdom
1716The Royal Bank of Scotland Plc90389.00 GBP 0.87%1399.00 GBP GB United Kingdom
1818Lloyds Bank Corporate Markets Plc90375.00 GBP 0.87%338.00 GBP GB United Kingdom
1919Goldman Sachs International Bank89849.00 EUR 0.75%506.00 EUR US United States
2020Coventry Building Society58867.10 GBP 0.57% GB United Kingdom
2123Yorkshire Building Society58754.10 GBP 0.57% GB United Kingdom
2221Coutts & Company55573.00 GBP 0.54%294.00 GBP GB United Kingdom
2322RBC Europe Limited54013.81 GBP 0.52%85.86 GBP CA Canada
2424TSB Bank Plc47652.90 GBP 0.46%173.40 GBP ES Spain
2525Sumitomo Mitsui Banking Corporation52661.10 USD 0.40%252.10 USD JP Japan
2627Skipton Building Society33571.30 GBP 0.32% GB United Kingdom
2726Handelsbanken plc32367.94 GBP 0.31%415.74 GBP SE Sweden
2833Mizuho International plc27300.70 GBP 0.26%-4.50 GBP JP Japan
2929Investec Bank Plc26241.89 GBP 0.25%313.61 GBP GB United Kingdom
3028The Co-operative Bank plc26177.70 GBP 0.25%129.70 GBP GB United Kingdom
3131Leeds Building Society25513.90 GBP 0.25% GB United Kingdom
3232Metro Bank Plc22267.00 GBP 0.22%48.30 GBP GB United Kingdom
3336Aldermore Bank Plc19051.70 GBP 0.18%129.20 GBP GB United Kingdom
3435FCE Bank plc18630.00 GBP 0.18%88.00 GBP GB United Kingdom
3534ICBC Standard Bank Plc23247.10 USD 0.18%187.10 USD CN China
3638Paragon Bank Plc18124.90 GBP 0.18%196.20 GBP GB United Kingdom
3739Shawbrook Bank Limited17100.90 GBP 0.17%212.60 GBP GB United Kingdom
3850Gulf International Bank (UK) Limited21583.08 USD 0.16%39.88 USD BH Bahrain
3937OneSavings Bank Plc16738.00 GBP 0.16%283.60 GBP GB United Kingdom
4046J.P. Morgan Europe Limited18783.44 USD 0.14%9.52 USD US United States
4143Starling Bank Limited13726.46 GBP 0.13%168.62 GBP GB United Kingdom
4242Charter Court Financial Services13134.80 GBP 0.13%59.40 GBP GB United Kingdom
4345Close Brothers Limited12488.10 GBP 0.12%89.10 GBP GB United Kingdom
4447Principality Building Society11275.30 GBP 0.11% GB United Kingdom
4548AIB Group (UK) Plc9969.00 GBP 0.10%269.00 GBP IE Ireland
4649Tesco Personal Finance PLC9147.50 GBP 0.09%111.70 GBP GB United Kingdom
4744The Bank of New York Mellon (International) L...8896.65 GBP 0.09%60.31 GBP US United States
4865Atom Bank Plc7801.38 GBP 0.08%-5.62 GBP GB United Kingdom
4955Sainsbury's Bank plc7114.00 GBP 0.07%33.00 GBP GB United Kingdom
5056RCI Bank UK Limited6932.49 GBP 0.07%49.79 GBP GB United Kingdom
 

Total assets and annual profit are provided in mln EUR, GBP and USD.

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