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.
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.
Deposits up to 85,000 GBP are covered by the United Kingdom's deposit guarantee scheme in ClearBank Limited.
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.
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.
ClearBank Limited is headquartered in London.
ClearBank Limited is authorized and supervised by the Financial Conduct Authority (reference number 754568).