ClearBank Limited

Anna Mileiko Created by Anna Mileiko

ClearBank Limited Logo

Address

133 Houndsditch, EC3A 7BX, London, United Kingdom

BIC

CLRBGB22XXX

Overview

Category

Commercial banks

Business Focus

banking-as-a-service

ClearBank is the first clearing bank established in the United Kingdom in the last 250 years. ClearBank provides clearing and agency banking solutions using its cutting-edge technology and making transactions efficient, fast and cost-effective. ClearBank believes that banking infrastructure should no longer slow down progress.

Performance

In 2023, ClearBank Limited achieved the position of 54th largest bank in the United Kingdom with a market share of 0.06%; its total assets grew by 98.69%.

Additionally, the bank became the 96th profitable bank in relation to its total assets showcasing 0.47% return on assets and 21.76% return on equity in 2023.

Also the lender held the 130th position regarging its loans-to-deposits (L/D) registering 0.32% L/D ratio in 2023.

Deposit Protection

Deposits up to 85,000 GBP are covered by the United Kingdom's deposit guarantee scheme in ClearBank Limited.

Services

account services
clearing services
embedded banking

Clients

acquirers
banks
building societies
crypto platforms
FinTech companies

International Transfers

SWIFT Transfers
SEPA Credit Transfers
SEPA Instant Transfers
SEPA Direct Debits
SEPA Direct Debits B2B

See Also

Financials

Total Assets of ClearBank Limited
Annual_profit of ClearBank Limited
Market Share of ClearBank Limited
Total Assets (2023)
6,366.85 mln GBP   (+98.69%)
Annual Profit (2023)
22.40 mln GBP   (+228.48%)

ClearBank Limited ranks as the 54th largest bank in the United Kingdom by total assets. In 2023 its total assets were 6,366.85 mln GBP, representing a 0.06% market share. In 2023 the bank's annual profit was 22.40 mln GBP.

Deposit Guarantee

Protected Amount
up to 85,000 GBP
Guarantee Fund
Financial Services Compensation Scheme (FSCS)Financial Services Compensation Scheme (FSCS)
Covered Accounts
current accounts
savings accounts
time deposit accounts
Eligible Depositors
private individuals
companies

ClearBank Limited protects deposits up to up to 85,000 GBP per depositor through the United Kingdom's deposit guarantee scheme. The scheme applies to current accounts, savings accounts, time deposit accounts made by private individuals, companies. The bank participates in the Financial Services Compensation Scheme (FSCS), making regular contributions into it.

See Also

Contacts

address133 Houndsditch, EC3A 7BX, London, United Kingdom
phone+44 2031112370

ClearBank Limited is headquartered in London.

See Also

Bank Identifiers

BIC (SWIFT)
CLRBGB22XXX
LEI
213800PERENGATFCHD95
Company Number
09736376

Bank Supervision

Supervised By
Financial Conduct Authority
Reference Number
754568

ClearBank Limited is authorized and supervised by the Financial Conduct Authority (reference number 754568).

Bank History

Start Date
December 2016
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