List of banks in the United Kingdom

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Independent British retail banks[edit]

The table shows the main independent British retail banks, in order of market capitalisation. The list is quite short as British banking has been highly consolidated since the early 20th century. Unlike some other major economies, the UK does not have a major stratum of independent local banks. The list shrank further during 2008: Northern Rock was nationalised by the UK Government (and is now owned by Virgin Money), followed by Bradford & Bingley; Alliance & Leicester was acquired by Santander, who merged it into Santander UK. Lloyds TSB plc, on 18 September 2008, a confirmed agreement to take over HBOS plc.[1][2][3]

Bank Headquarters Market value (£bn)
4 October 2013
Total assets (£bn)
As of 30 June 2012[4][5]
HSBC Canary Wharf (London, England) 126.3[6] 1,677
Lloyds Banking Group City of London (London, England) 53.5 [7] 955
Royal Bank of Scotland Group†† Edinburgh (Edinburgh, Scotland) 42[8] 1,405
Barclays Canary Wharf (London, England) 43.6[9] 1,620
Standard Chartered City of London (London, England) 36.7[10] 395

The retail and commercial banking markets are dominated by HSBC, Barclays, Lloyds Banking Group, Royal Bank of Scotland Group and Spanish-owned Santander UK (most of these companies operate more than one banking brand in the UK). The fifth major UK-based bank, Standard Chartered, operates primarily in Asia and Africa.

There are a number of banking businesses owned by retail groups, such as:

Banks incorporated in the UK[edit]

A full list of businesses considered Banks by the Prudential Regulation Authority are listed in the table below, this list is based on the definition of 'bank' in the glossary of the PRA Handbook.[12]

Name of Bank Parent Company Location of Headquarters (for Parent where applicable)
Abbey National Treasury Services Plc The Santander Group Spain
ABC International Bank Plc Arab Banking Corporation Bahrain
Access Bank UK Limited, The Access Bank Group Nigeria
Adam & Company Plc The Royal Bank of Scotland Group Scotland
ADIB (UK) Ltd Abu Dhabi Islamic Bank United Arab Emirates
Ahli United Bank (UK) PLC Ahli United Bank Bahrain
AIB Group (UK) Plc Allied Irish Banks Ireland
Airdrie Savings Bank Independently run Scotland
Al Rayan Bank PLC Masraf Al Rayan Qatar
Aldermore Bank Plc Independently run England
Alliance Trust Savings Limited Alliance Trust Scotland
Alpha Bank London Limited Alpha Bank Greece
ANZ Bank (Europe) Limited Australia and New Zealand Banking Group Australia
Arbuthnot Latham & Co Limited Arbuthnot Banking Group England
Atom Bank PLC Independently run England
Axis Bank UK Limited Axis Bank India
Bank and Clients PLC Ocean Industries S.A. Luxembourg
Bank Leumi (UK) plc Bank Leumi Israel
Bank Mandiri (Europe) Limited Bank Mandiri Indonesia
Bank of America Merrill Lynch International Limited Bank of America United States of America
Bank of Beirut (UK) Ltd Bank of Beirut Lebanon
Bank of Ceylon (UK) Ltd Bank of Ceylon Sri Lanka
Bank of China (UK) Ltd Bank of China China
Bank of Communications (UK) Limited Bank of Communications China
Bank of Cyprus UK Limited Bank of Cyprus Cyprus
Bank of Ireland (UK) Plc Bank of Ireland Republic of Ireland
Bank of London and The Middle East plc Independently run England
Bank of New York Mellon (International) Limited, The The Bank of New York Mellon United States of America
Bank of Scotland plc Lloyds Banking Group England
Bank of the Philippine Islands (Europe) PLC Bank of the Philippine Islands Philippines
Bank Saderat Plc Bank Saderat Iran Iran
Bank Sepah International Plc Bank Sepah Iran
Barclays Bank Plc Barclays England
BFC Exchange Ltd BFC Group Holdings W.L.L. Bahrain
BIRA Bank Ltd Independently run England
BMCE Bank International plc BMCE Bank International England
British Arab Commercial Bank Plc British Arab Commercial Bank England
Brown Shipley & Co Limited KBL European Private Bankers Luxembourg
C Hoare & Co Independently run England
CAF Bank Ltd Independently run England
Cambridge & Counties Bank Limited 50% by Trinity Hall, a Cambridge University College, and 50% by Cambridgeshire Local Government Pension Scheme England
Cater Allen Limited Santander Group Spain
Charity Bank Limited, The Independently run England
Charter Court Financial Services Limited Independently run England
China Construction Bank (London) Limited China Construction Bank China
CIBC World Markets Plc CIBC World Markets Canada
ClearBank Ltd Independently run England
Close Brothers Limited Close Brothers Group England
Clydesdale Bank Plc CYBG plc England
Co-operative Bank Plc, The The Co-operative Group England
Coutts & Company Royal Bank of Scotland Group Scotland
Credit Suisse (UK) Limited Credit Suisse Switzerland
Credit Suisse International Credit Suisse Switzerland
Crown Agents Bank Limited Helios Investment Partners England
DB UK Bank Limited Deutsche Bank Germany
Diamond Bank (UK) Plc Diamond Bank Nigeria
Duncan Lawrie Limited Camellia Plc England
EFG Private Bank Limited EFG International Switzerland
Europe Arab Bank plc Arab Bank Jordan
FBN Bank (UK) Ltd First Bank of Nigeria Nigeria
FCE Bank Plc Ford Motor Credit Company United States of America
FCMB Bank (UK) Limited First City Monument Bank Nigeria
Gatehouse Bank Plc Independently run England
GE Capital Bank Limited GE Capital United States of America
Ghana International Bank Plc Independently run England
Goldman Sachs International Bank Goldman Sachs United States of America
Guaranty Trust Bank (UK) Limited Guaranty Trust Bank Nigeria
Gulf International Bank (UK) Limited Gulf International Bank Bahrain
Habib Bank Zurich Plc Habib Bank AG Zurich Switzerland
Habibsons Bank Limited Habib Bank AG Zurich Switzerland
Hampden & Co Plc Independently run Scotland
Hampshire Trust Bank Plc Independently run England
Harrods Bank Ltd Qatar Investment Authority Qatar
Havin Bank Ltd Independently run England
HSBC Bank Plc HSBC England
HSBC Private Bank (UK) Limited HSBC England
HSBC Trust Company (UK) Ltd HSBC England
ICBC (London) plc Industrial and Commercial Bank of China China
ICBC Standard Bank Plc Industrial and Commercial Bank of China China
ICICI Bank UK Plc ICICI Bank India
Investec Bank PLC Investec South Africa
Itau BBA International PLC Itaú Unibanco Brazil
J.P. Morgan Europe Limited J.P. Morgan England
J.P. Morgan International Bank Limited J.P. Morgan England
J.P. Morgan Securities plc J.P. Morgan England
Jordan International Bank Plc The Housing Bank for Trade and Finance Jordan
Julian Hodge Bank Limited Independently run Wales
Kexim Bank (UK) Ltd Export–Import Bank of Korea South Korea
Kingdom Bank Ltd Assemblies of God Property Trust England
Kleinwort Benson Bank Ltd Société Générale France
Kookmin Bank International Limited KB Kookmin Bank South Korea
Lloyds Bank Plc Lloyds Bank England
Lloyds Bank Private Banking Limited Lloyds Bank England
Macquarie Bank International Ltd Macquarie Group Australia
Marks & Spencer Financial Services Plc Independently run England
Masthaven Bank Limited Independently run England
Melli Bank plc Bank Melli Iran Iran
Methodist Chapel Aid Limited Independently run England
Metro Bank PLC Independently run England
Mizuho International Plc Mizuho Financial Group Japan
Monzo Bank Ltd Independently run England
Morgan Stanley Bank International Limited Morgan Stanley United States of America
National Bank of Egypt (UK) Limited National Bank of Egypt Egypt
National Bank of Kuwait (International) Plc National Bank of Kuwait Kuwait
National Westminster Bank Plc Royal Bank of Scotland Group Scotland
Nomura Bank International Plc Nomura Group Japan
Northern Bank Limited Danske Bank Ireland
Northern Trust Global Services Ltd Northern Trust United States of America
OakNorth Bank Limited Independently run England
OneSavings Bank Plc OneSavings Bank England
Paragon Bank Plc The Paragon Group of Companies England
PCF Group Holdings Ltd Independently run England
Persia International Bank Plc Bank Mellat Iran
Philippine National Bank (Europe) Plc Philippine National Bank Philippines
Punjab National Bank (International) Limited Punjab National Bank India
QIB (UK) Plc Qatar Islamic Bank Qatar
R. Raphael & Sons Plc Lenlyn Holdings Plc England
Rathbone Investment Management Limited Independently run England
RBC Europe Limited RBC Capital Markets Canada
Reliance Bank Ltd Independently run England
Royal Bank of Scotland Plc, The Royal Bank of Scotland Group Scotland
Sainsbury’s Bank Plc Independently run Scotland
Santander UK Plc The Santander Group Spain
Schroder & Co Ltd Independently run England
Scotiabank Europe Plc Scotiabank Canada
Scottish Widows Bank Plc Lloyds Banking Group Scotland
Secure Trust Bank Plc Independently run England
SG Hambros Bank Limited Société Générale France
Shawbrook Bank Limited Independently run England
Smith & Williamson Investment Services Limited Independently run England
Sonali Bank (UK) Limited 51% of the shares are held by Bangladesh Government and 49% by Sonali Bank Ltd, Bangladesh Bangladesh
Standard Chartered Bank Independently run England
Starling Bank Limited Independently run England
Sumitomo Mitsui Banking Corporation Europe Limited Sumitomo Mitsui Financial Group Japan
Tandem Bank Limited Independently run England
TD Bank Europe Limited Toronto-Dominion Bank Canada
Tesco Personal Finance Plc Independently run England
TSB Bank plc Banco Sabadell Spain
Turkish Bank (UK) Ltd The Turkish Bank Group Turkey
UBS Limited UBS Switzerland
Ulster Bank Ltd Royal Bank of Scotland Group Scotland
Union Bank of India (UK) Limited Union Bank of India India
Union Bank UK Plc Union Bank of Nigeria Nigeria
United National Bank Limited United Bank (Pakistan) Pakistan
United Trust Bank Limited Independently run England
Unity Trust Bank Plc Independently run England
Vanquis Bank Limited Provident Financial England
Virgin Money plc Virgin Money England
VTB Capital plc VTB Bank Russia
Weatherbys Bank Limited Weatherbys England
Wesleyan Bank Limited Independently run England
Westpac Europe Ltd Westpac Australia
Wyelands Bank Plc Liberty House Group England
Zenith Bank (UK) Limited Zenith Bank Nigeria

There is also a government-run savings bank called National Savings and Investments.

The other main class of consumer financial service organisation in the United Kingdom is the building society, but the building society sector is much smaller than it used to be as many major building societies demutualised in the 1980s and 1990s and there has also been ongoing consolidation via mergers between societies. Halifax (now part of Lloyds Banking Group) and Abbey (now part of Santander) were the two largest building societies. The remaining building societies which demutualised have all subsequently lost their independence, either through nationalisation or acquisition by other banks. See Building society for a list of the remaining building societies. Out of the remaining building societies, only Nationwide would be large enough to appear in the above table if it were a bank.

UK retail banking brands owned by foreign banks[edit]

See also[edit]

References[edit]

  1. ^ "Lloyds TSB confirms deal to take over HBOS". 2008-09-18. Retrieved 2008-09-18. 
  2. ^ "Recommended acquisition of HBOS plc by Lloyds TSB Group plc" (PDF). Lloyds TSB. 2008-09-17. Archived from the original (PDF) on 2008-10-03. Retrieved 2008-09-18. 
  3. ^ BBC News: HBOS confirms Lloyds merger talks; Guardian: Banking crisis: Lloyds TSB in talks to buy HBOS
  4. ^ "Banks in UK". Banks Around the World. Retrieved 20 November 2009. 
  5. ^ "USD/GBP". Yahoo! Finance. Retrieved 12 September 2013. 
  6. ^ "HSBC Holdings plc". Bloomberg. 4 October 2013. Retrieved 4 October 2013. 
  7. ^ "Lloyds Banking Group plc". Bloomberg. 4 October 2013. Retrieved 4 October 2013. 
  8. ^ "Royal Bank of Scotland Group plc". Bloomberg. 4 October 2013. Retrieved 4 October 2013. 
  9. ^ "Barclays plc". Bloomberg. 4 October 2013. Retrieved 4 October 2013. 
  10. ^ "Standard Chartered plc". Bloomberg. 12 September 2013. Retrieved 12 September 2013. 
  11. ^ "RBS shares plunge on record loss". BBC News. 19 January 2009. Retrieved 8 May 2010. 
  12. ^ "Banks & building societies lists - Bank of England". www.bankofengland.co.uk. 

External links[edit]