Santander UK

Santander UK offers a broad range of retail, private and corporate banking products and services to individuals, SMEs and large companies in the United Kingdom.

Financials

Total Assets (2017)
314.77 bln GBP  (+4.05%)
Annual Profit (2017)
1 256.00 mln GBP  (-4.78%)

Santander UK is the 9th largest bank in the United Kingdom in terms of total assets. In 2017 its total assets were 314,77 bln GBP, providing the bank with the market share of 3.56%. In 2017 the bank's annual profit was 1 256,00 mln GBP.

Santander UK is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is A (high credit quality). Long-term credit rating assigned to the bank by Moody's is Aa3 (high grade).

Santander UK participates in deposit guarantee scheme of the United Kingdom. This scheme covers accounts up to 85 000 GBP per bank per depositor.

Member of Group

 Santander (Spain)

Contacts

201 Grafton Gate East, NW1 3AN, Milton Keynes, United Kingdom
44 08706076000

Santander UK is headquartered in Milton Keynes.

Bank Identifiers

MFI ID
GB0015
Company Number
02294747
Start Date
September 1988

Financial Positions

Total Assets (2017)
314.77 bln GBP  (+4.05%)

In 2017 total assets of Santander UK were 314.77 bln GBP. Growth compared to the previous period (2016) was 4.05%. The evolution of the total assets of Santander UK is shown at Chart 1 below.

Total Assets of Santander UK.

Chart 1. Total Assets of Santander UK.

Profit and Loss

Annual Profit (2017)
1 256.00 mln GBP  (-4.78%)

In 2017 annual profit of Santander UK was 1 256.00 mln GBP. Decline compared to the previous period (2016) was -4.78%. The evolution of the annual profit of Santander UK is shown at Chart 2 below.

Annual Profit of Santander UK.

Chart 2. Annual Profit of Santander UK.

Market Share and Rank (among banks in the United Kingdom)

Total Assets (2017)
9th (market share 3.56%)

In 2017 Santander UK was ranked the 9th largest bank in the United Kingdom in terms of total assets, having 3.56% of the domestic market share.

Market share of Santander UK (among banks in the United Kingdom)

Chart 3. Market share of Santander UK (among banks in the United Kingdom)

Several banks having the market shares and ranks closest to Santander UK are shown below.

RankNameTotal AssetsMarket Share
8National Westminster Bank (NatWest)340843.00 mln GBP3.86%
9Santander UK314765.00 mln GBP3.56%
10Standard Chartered Bank404640.00 mln USD3.39%
 

Credit Ratings (as of May 2018)

Fitch Moody's
A (high credit quality) Aa3 (high grade)

Credit Rating is an opinion of a credit rating agency about credit worthiness of a company or a government. Santander UK is rated by Fitch and Moody's.

Credit ratings assigned to Santander UK as of May 2018 are shown in details in the following sections.

Fitch

Long-term issuer default rating is Fitch's view of a credit institution's relative vulnerability to default on its financial obligations, for Santander UK it is set to A (high credit quality), outlook is positive (may be raised). The rating is not on watch. Short-term issuer default rating for Santander UK is set to F1 (highest short-term credit quality).

Long-Term Issuer Default Rating  A
    Outlook  positive
    On Watch  No
Short-Term Issuer Default Rating  F1
Viability Rating  a
Support Rating  2
Support Rating Floor  WD

Viability rating for Santander UK is set to a (high fundamental credit quality); support rating is 2 (high probability of external support); support rating floor is WD (withdrawn).

Moody's

Long-term rating for Santander UK it is set to Aa3 (high grade). Long-term bank deposit rating is Aa3 (high grade). Baseline credit assessment is a3. Short-term rating is set to Baa2.

Long-Term Rating  Aa3
Long-Term Bank Deposit Rating  Aa3
Baseline Credit Assessment  a3
Short-Term Rating  Baa2
Outlook  stable

Outlook for the ratings of Santander UK is set to stable (not likely to change).

Deposit Guarantee

Deposit Guarantee
Yes (up to 85 000 GBP per depositor)

Deposit Guarantee Schemes compensate certain deposits held by depositors of a bank that becomes unable to meet its obligations.

All credit institutions operating in the United Kingdom are obliged to participate in the United Kingdom's deposit guarantee scheme.

In the case of Santander UK failure, eligible depositors having covered accounts in this bank will be paid out the following compensation:

Eligible Depositors  private individuals, small companies
Covered Currencies  all
Maximum Protected Amount  85 000 GBP
Paid In Currency  GBP

Further Information

MFI ID

MFI ID (Monetary Financial Institution Identifier) is a code, unique to each institution in the MFI list provided by ECB (European Central Bank). MFI ID is hence applicable to MFIs resident in the European Union.

The code is alphanumerical, with the first two digits representing the two-digit ISO code for the country of residence of the MFI and the remaining number of digits (no limit has been specified) is any combination of alphanumerical characters.

MFI ID of Santander UK is shown in the table below.

MFI ID  GB0015

Company Registration Number

Company Registration Number is a distinctive code issued upon registration of a new company. This code can be used to find data about the company in a national company register.

Company Number  02294747

European Presence: 3 banks in 3 countries

Santander UK operates under the brand of the same name (Santander UK) which has presence in the following European countries and selected dependent territories of the European countries:

Isle of Man

Jersey

United Kingdom

  • (this bank) Santander UK (Milton Keynes)

Banking Products in the United Kingdom