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Economy and Banking Sector of the United Kingdom

Major Banks of the United Kingdom

Rank
1
Total Assets
876.67 bln GBP  (-0.12%)
Market Share
9.63 %
Rank
2
Total Assets
636.49 bln GBP  (+5.21%)
Market Share
6.99 %
Rank
3
Total Assets
505.75 bln GBP  (+6.97%)
Market Share
5.56 %
Rank
4
Total Assets
658.18 bln USD  (-1.48%)
Market Share
5.48 %
Rank
5
Total Assets
381.50 bln GBP  (+10.93%)
Market Share
4.19 %
Rank
6
Total Assets
502.51 bln USD  (+12.62%)
Market Share
4.18 %
Rank
7
Total Assets
310.95 bln GBP  (+3.09%)
Market Share
3.42 %

#1: Barclays Bank plc

Barclays Bank plc is a non-ring-fenced bank of Barclays PLC, consisting of corporate and investment bank (CIB), consumer, cards and payments (CCP) and head office. In March 2018 the UK banking business of Barclays Bank plc comprising consumer banking and business banking was transferred from Barclays Bank plc to the ring-fenced bank, Barclays Bank UK Plc.

Barclays Bank plc is the 1st largest bank in the United Kingdom in terms of total assets. In 2019 its total assets were 876,67 bln GBP, providing the bank with the market share of 9.63%. In 2019 the bank's annual profit was 2 780,00 mln GBP.

Barclays Bank plc 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 A1 (upper medium grade). Barclays Bank plc participates in the deposit guarantee scheme of the United Kingdom. This scheme covers accounts up to 85,000 GBP per bank per depositor.

#2: HSBC Bank plc

Founded in 1880, HSBC Bank is a global universal bank providing various banking and financial services worldwide. HSBC Bank offers products and services in the following segments: retail banking and wealth management, commercial banking, global banking and markets, and global private banking.

HSBC Bank plc is the 2nd largest bank in the United Kingdom in terms of total assets. In 2019 its total assets were 636,49 bln GBP, providing the bank with the market share of 6.99%. In 2019 the bank's annual profit was -991,00 mln GBP.

HSBC Bank plc is rated by Fitch. Long-term credit rating assigned to the bank by Fitch is AA- (very high credit quality). HSBC Bank plc participates in the deposit guarantee scheme of the United Kingdom. This scheme covers accounts up to 85,000 GBP per bank per depositor.

#3: Lloyds Bank Plc

Founded in 1755, Lloyds Bank provides a broad range of retail, private and corporate banking products and services to households, businesses and communities in the United Kingdom. Lloyds Bank offers a comprehensive range of financial products and services, including current accounts, savings, mortgages, loans and credit cards.

Services
retail banking
private banking
corporate banking
Clients
individuals
companies
Area Served
GBUnited Kingdom
Products
current accounts
credit cards
personal loans
savings accounts
ISAs
insurance

Lloyds Bank Plc is the 3rd largest bank in the United Kingdom in terms of total assets. In 2019 its total assets were 505,75 bln GBP, providing the bank with the market share of 5.56%. In 2019 the bank's annual profit was 2 157,00 mln GBP.

Lloyds Bank Plc 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 Aa2 (high grade). Lloyds Bank Plc participates in the deposit guarantee scheme of the United Kingdom. This scheme covers accounts up to 85,000 GBP per bank per depositor.

#4: J.P. Morgan Securities plc

J.P. Morgan Securities is focused on providing tailored wealth management solutions to high net-worth individuals and families.

Services
wealth management
wealth planning
investment advisory
investment management
Clients
high net worth individuals
families
Products
current accounts
deposit accounts
property loans
credit facilities

J.P. Morgan Securities plc is the 4th largest bank in the United Kingdom in terms of total assets. In 2019 its total assets were 658,18 bln USD, providing the bank with the market share of 5.48%. In 2019 the bank's annual profit was 2 041,37 mln USD.

J.P. Morgan Securities plc is rated by Moody's. Long-term credit rating assigned to the bank by Moody's is (P)Aa2 (high grade; provisional). J.P. Morgan Securities plc participates in the deposit guarantee scheme of the United Kingdom. This scheme covers accounts up to 85,000 GBP per bank per depositor.

#5: Bank of Scotland

Bank of Scotland was established in 1695 and is the oldest Scottish bank. Bank of Scotland provides a broad range of retail, private and corporate banking products and services in the United Kingdom. In the 1970s Bank of Scotland started its international expansion and now conducts selected activities globally.

Services
retail banking
private banking
corporate banking
Clients
individuals
companies
Area Served
GBUnited Kingdom
Products
current accounts
credit cards
personal loans
savings accounts
ISAs
investment funds
shares dealing accounts
insurance
retirement plans

Bank of Scotland is the 5th largest bank in the United Kingdom in terms of total assets. In 2019 its total assets were 381,50 bln GBP, providing the bank with the market share of 4.19%. In 2019 the bank's annual profit was 674,00 mln GBP.

Bank of Scotland 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 Aa2 (high grade). Bank of Scotland participates in the deposit guarantee scheme of the United Kingdom. This scheme covers accounts up to 85,000 GBP per bank per depositor.

#6: Morgan Stanley Bank International Ltd

Established in 1935 Morgan Stanley is an American sustainable credit institution, providing wealth management, corporate and investment banking, capital markets, sales and trading solutions to invididuals, institutions and governments.

Morgan Stanley Bank International Ltd is the 6th largest bank in the United Kingdom in terms of total assets. In 2019 its total assets were 502,51 bln USD, providing the bank with the market share of 4.18%. In 2019 the bank's annual profit was 549,00 mln USD.

Morgan Stanley Bank International Ltd participates in the deposit guarantee scheme of the United Kingdom. This scheme covers accounts up to 85,000 GBP per bank per depositor.

#7: National Westminster Bank

National Westminster Bank (Natwest) is a British credit institution providing retail, private and corporate banking products and services to individuals, businesses and corporate customers.

Services
retail banking
premier banking
corporate banking
Clients
individuals
companies
Area Served
GBUnited Kingdom
Products
current accounts
credit cards
savings accounts
term deposit accounts
cash ISAs
personal loans
car loans
overdrafts
investment funds

National Westminster Bank is the 7th largest bank in the United Kingdom in terms of total assets. In 2019 its total assets were 310,95 bln GBP, providing the bank with the market share of 3.42%. In 2019 the bank's annual profit was 884,00 mln GBP.

National Westminster Bank 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). National Westminster Bank participates in the deposit guarantee scheme of the United Kingdom. This scheme covers accounts up to 85,000 GBP per bank per depositor.

See Also