List of banks in the United Kingdom

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This article is about banks operating in the United Kingdom. For the development of the banking industry, see Banking in the United Kingdom.

Contents

[edit] Independent British banks

The table shows the main independent British 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 has shrunk further during 2008: Northern Rock was nationalised by the UK Government, followed by Bradford & Bingley; Alliance & Leicester has been acquired by Santander, who own Abbey; Lloyds TSB plc announced, on 18 September 2008, a confirmed agreement to take over HBOS plc[1][2][3].

Bank Headquarters Market value

(£bn)

 Assets

(£bn)

 Assets

($bn)
HSBC Bank London 60.84 1,319.65 2,348.98
Standard Chartered London 13.39 184.63 328.65
Barclays Bank London 7.23 2,050.00
Lloyds Banking Group†† London 5.57
Royal Bank of Scotland Group† Edinburgh 4.58 1,900.00
Co-operative Bank Manchester — 39.00 71.33

Note: Market values retrieved at end of 20 January 2009 from Times Online[4]. Assets listed as of 2 April 2008, apart from Barclays which are listed as of 10 February 2009,[5] Royal Bank of Scotland which are listed as of 4 February 2009[6] and Co-operative Bank which are listed as of 31 December 2004, and are listed in billions of pounds sterling and U.S. dollars.[7] Also note that market values have been highly volatile in 2008, due to the sub-prime mortgage crisis.

  • † The UK Government owns a controlling stake of 70% of the Royal Bank of Scotland Group (RBS)'s ordinary shares, however the bank itself remains nominally independent of Government[8]
  • †† The UK Government owns a controlling stake of 65% of the Lloyds Banking Group, with the bank remaining in the private sector[9].

There are however a small number of independent specialist or local banks. They are all just a small fraction of the size of the smallest of the banks in the table above: Airdrie Savings Bank, C. Hoare & Co, Close Brothers Group, Julian Hodge Bank, N M Rothschild & Sons, Raphaels Bank, Ruffler Bank. 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. Halifax (now part of Lloyds Banking Group) and Abbey (now owned by Santander) were the two largest building societies. The remaining building societies which demutualised have all subsequently been acquired, either through nationalisation or acquisition by other banks. See building society for a list of the largest remaining building societies. Only the Nationwide is large enough to appear in the table above if it were a bank.

[edit] Other British banking brands owned by British companies

[edit] Nationalised banks controlled by HM Government

National Savings and Investments (NS&I), originally founded in 1861, helps the UK Government gain additional finance, other than taxation, at lower rates than borrowing direct from the markets.

Northern Rock was nationalised in February 2008 after the first run on a bank in more than a century.

On 29 September 2008, the Treasury announced that Bradford & Bingley was to be partially nationalised with the savings book and branch network sold to Abbey, which is part of Grupo Santander, following talks on the day before.

[edit] UK banking brands owned by foreign banks

[edit] Foreign banks in the United Kingdom

Overseas consumer banking brands which are available in the UK. Virtually all of the world's leading banks have investment and commercial banking offices in the City of London.

[edit] Banks incorporated outside the EEA authorised to accept deposits through a branch in the United Kingdom

[edit] Banks incorporated in the EEA entitled to accept deposits through a branch in the United Kingdom

  • ABN Amro Mellon Global Securities Services BV
  • ABN AMRO Bank NV
  • Allfunds Bank SA
  • Allied Irish Bank plc
  • Alpha Bank AE
  • Anglo Irish Bank Corporation plc
  • Banca di Roma SpA
  • Banca d'Intermediazione Mobiliare IMI SpA
  • Banca March SA
  • Banca Monte Dei Paschi Di Siena SpA
  • Banca Nazionale del Lavoro SpA
  • Banca Popolare di Lodi
  • Banco Bilbao Vizcaya Argentaria SA
  • Banco De CajaSeville Plc
  • Banco de Sabadell
  • Banco Espírito Santo SA
  • Banco Itau Europa
  • Banco Popolare di Verona & Novara
  • Banco Santander SA
  • Banco Santander Totta SA
  • Bank Insinger de Beaufort NV
  • Bank of Cyprus Public Company Ltd
  • Bank of Ireland, The
  • Bank of Scotland (Ireland) Ltd
  • Banque AIG
  • Banque Transatlantique SA
  • Bayerische Hypo-Und Vereinsbank AG
  • Bayerische Landesbank
  • BLOM BANK France
  • BNP Paribas
  • BNP Paribas Private Bank
  • BNP Paribas Securities Services
  • Byblos Bank Europe SA
  • Caixa Geral de Depósitos SA
  • Caja de Ahorros del Mediterraneo
  • Calyon Natixis
  • Commerzbank AG
  • Confederacion Espanola de Cajas de Ahorros
  • Crédit Agricole SA
  • Crédit Industriel et Commercial Piraeus Bank SA
  • Crédit Lyonnais
  • Danske Bank A/S
  • Deutsche Bank AG
  • Deutsche Postbank AG
  • Dexia Bank Belgium SA
  • Dexia Banque Internationale à Luxembourg SA
  • Dexia Credit Local SA (Dexia Public Finance Bank SA)
  • DnB NOR Bank ASA
  • Svenska Handelsbanken AB (PUBL)
  • Dresdner Bank AG Sygma Banque
  • DZ Bank AG, Deutsche Zentral-Genossenschaftsbank
  • EFG Eurobank Ergasias AE
  • Emporiki Bank of Greece SA
  • Erste Bank der Oesterreichischen Sparkassen AG
  • Eurohypo AG
  • FIMAT International Banque
  • Fortis Bank SA/NV
  • GE Corporate Finance Bank SAS
  • Glitnir Banki hf
  • HSH Nordbank AG
  • Hypo Public Finance Bank
  • Hypo Real Estate Bank International AG
  • ING Direct NV
  • ING Bank NV
  • Intesa Sanpaolo SpA
  • Irish Nationwide Building Society
  • IXIS Corporate & Investment Bank
  • Jyske Bank A/S
  • Kas Bank NV
  • KBC Bank NV
  • Landesbank Baden-Württemberg
  • Landesbank Berlin Girozentrale
  • Landesbank Hessen-Thüringen Girozentrale
  • Landsbanki Islands hf
  • Lehman Brothers Bankhaus AG
  • Marfin Popular Bank Public Company Ltd
  • Merrill Lynch International Bank Limited
  • National Bank of Greece SA
  • Norddeutsche Landesbank Girozentrale
  • Nordea Bank Finland plc
  • Rabobank International (Coöperatieve Centrale Raiffeisen-Boerenleenbank Ba)
  • Raiffeisen Zentralbank Osterreich AG
  • SEB AG
  • Skandinaviska Enskilda Banken AB (PUBL)
  • Société Générale
  • State Street Bank GmbH
  • TD Waterhouse Bank NV
  • Triodosbank NV
  • Ulster Bank Ireland Ltd
  • Ukio Bankas AB
  • UniCredito Italiano SpA
  • Westdeutsche ImmobilienBank AG
  • Western Union International Bank GmbH
  • WestLB AG

[edit] Foreign banks incorporated in the United Kingdom

This list is incomplete; you can help by expanding it.
  • Bank of New York Mellon Europe
  • Bank of Philippine Islands (Europe)
  • Citibank International
  • Credem Bank
  • Credit Suisse International
  • Credit Suisse (UK)
  • DB UK Bank
  • ICICI Bank UK (inc. HiSAVE sub-brand)
  • JP Morgan Europe
  • JP Morgan International Bank
  • Mitsubishi UFJ Securities International
  • Mizuho International
  • Philippine National Bank (Europe)
  • Sun Bank
  • United National Bank

[edit] References

  1. ^ "Lloyds TSB confirms deal to take over HBOS". 2008-09-18. http://www.iht.com/articles/ap/2008/09/18/business/EU-Britain-HBOS.php. Retrieved on 2008-09-18. 
  2. ^ "Recommended acquisition of HBOS plc by Lloyds TSB Group plc" (PDF). Lloyds TSB. 2008-09-17. http://www.investorrelations.lloydstsb.com/media/pdf_irmc/ir/2008/2008Aug_LTSB_Acquires_HBOS.pdf. Retrieved on 2008-09-18. 
  3. ^ BBC News: HBOS confirms Lloyds merger talks; Guardian: Banking crisis: Lloyds TSB in talks to buy HBOS
  4. ^ Type company name into "Quote Search" box.
  5. ^ http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article5697765.ece Times Online
  6. ^ http://ftalphaville.ft.com/blog/2009/01/19/51341/rbs-et-mon-droit-hm-deficits/ FT.com
  7. ^ the Forbes Global 2000 list, April 2008.
  8. ^ http://news.bbc.co.uk/1/hi/business/7836882.stm
  9. ^ http://news.bbc.co.uk/1/hi/business/7929957.stm

[edit] See also

[edit] External links

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Bank chains in the United Kingdom
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The bank groups marked in pink indicate the UK's big four banks.
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