CET1 ratio of the largest banks in the UK 2023

HSBC and Standard Chartered had the highest Common Equity Tier 1 (CET1) capital ratios among the five largest banks in the United Kingdom in 2023, with a ratio of 14.8 percent and 14.1 percent, respectively. Barclays ranked third, with a CET1 ratio of 13.8 percent. Capital ratios express a bank’s capital as a percentage of its risk-weighted assets (RWAs). Capital requirements for European banks were raised after the Basel III accord and phased in on the 1st of January 2015, with a new minimum requirement of CET1 ratio of 4.5 percent. The United Kingdom's largest banks have all continued to meet the minimum requirement up to 2023.