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Economy and Banking Sector of the United Kingdom

Major Banks of the United Kingdom

RankNameMarket %Total Assets
1 Barclays Bank plc12.89 %1,185.17 bln GBP   (-1.53%)
2 HSBC Bank plc7.68 %702.97 bln GBP   (-2.01%)
3 Morgan Stanley Bank International Ltd4.99 %550.05 bln USD   (-1.85%)
4 Lloyds Bank Plc4.64 %419.44 bln GBP   (-3.20%)
5 National Westminster Bank4.30 %411.75 bln GBP   (+2.49%)
6 Standard Chartered Bank3.88 %418.15 bln USD   (-4.03%)
7 HSBC UK Bank Plc3.67 %332.88 bln GBP   (-2.79%)

#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.

Services
corporate banking
investment banking
consumer services
card services
payment services
administration services

In 2023 total assets of Barclays Bank plc were 1 185,17 bln GBP. In 2023 the bank's annual profit was 3 561,00 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.

Services
corporate banking
investment banking
global private banking
global markets
wealth management
Area Served
WorldwideWorldwide

In 2023 total assets of HSBC Bank plc were 702,97 bln GBP. In 2023 the bank's annual profit was 1 725,00 mln GBP.

HSBC Bank plc is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is AA- (very high credit quality). Long-term credit rating assigned to the bank by Moody's is Aa3 (high grade). 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: 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.

In 2023 total assets of Morgan Stanley Bank International Ltd were 550,05 bln USD. In 2023 the bank's annual profit was 1 049,00 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.

#4: 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
business banking
Clients
individuals
companies
Area Served
GBUnited Kingdom
Products
current accounts
credit cards
personal loans
savings accounts
ISAs
insurance

In 2023 total assets of Lloyds Bank Plc were 419,44 bln GBP. In 2023 the bank's annual profit was 3 479,00 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 Aa3 (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.

#5: National Westminster Bank

In 1968 National Provincial Bank (founded 1833) and Westminster Bank (founded 1836), merged as National Westminster Bank (NatWest). National Westminster Bank operates as a universal bank providing retail, private, and business banking products and services to individuals, businesses and corporate customers. Since 2000, National Westminster Bank is a member of the Royal Bank of Scorland Group.

Services
retail banking
premier banking
business 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

In 2023 total assets of National Westminster Bank were 411,75 bln GBP. In 2023 the bank's annual profit was 3 509,00 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.

#6: Standard Chartered Bank

Founded in 1969, Standard Chartered Bank is one of the largest British banks. Standard Chartered Group provides retail, private and corporate banking products and services. Standard Chartered Group has a history in the United Kingdom since 1853. Standand Chartered Bank in London is focused on corporate and institutional banking business as well as private banking and international Banking operations.Standard Chartered Bank also offers a wide range of Shariah-compliant financial products based on Islamic values.

Services
private banking
corporate banking
institutional banking
Islamic banking
financial markets
transaction banking
corporate finance
securities clearing
Clients
high net-worth individuals
companies
institutions
Area Served
GBUnited Kingdom
Asia, Africa, Middle East

In 2023 total assets of Standard Chartered Bank were 418,15 bln USD. In 2023 the bank's annual profit was 3 237,00 mln USD.

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

#7: HSBC UK Bank Plc

HSBC UK Bank Plc was established to comply with the UK government newrules in place to protect the economy and taxpayers. HSBC UK Bank Plc is operatingas a ring-fenced bank providing retail banking services to personal and business customersin the UK.

Services
retail banking
business banking
corporate banking
Clients
individuals
companies
Area Served
GBUnited Kingdom
EUEuropean Union
Products
current accounts
credit cards
ISA accounts
savings accounts
time deposit accounts
personal loans
car loans
overdrafts
investment funds
trading accounts

In 2023 total assets of HSBC UK Bank Plc were 332,88 bln GBP. In 2023 the bank's annual profit was 5 254,00 mln GBP.

HSBC UK Bank Plc is rated by Moody's. Long-term credit rating assigned to the bank by Moody's is Aa3 (high grade). HSBC UK 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.

See Also

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