The number of monetary financial credit institutions, which include all banks and building societies that have permission to accept deposits, decreased overall between 2008 and 2023 in the United Kingdom. As of July 2023, there were 377 such institutions in the country, 19 less than in 2008. The level of decrease in the UK was slower than in the euro area, where the number of credit institutions dropped from 6,570 in 2008 to 4,039 in 2022.
Number of monetary financial credit institutions in the United Kingdom (UK) from 2008 to 2023
Until 2013 figures were sourced from information provided by the Financial Services Authority (FSA). From 1st April 2013, the list is provided by the Prudential Regulation Authority.
The figures include all banks and building societies that have permission to accept deposits in the UK. Figures prior to 2020 were published by the European Central Bank, which stopped reporting values for the UK in 2020. Figures between 2020 and 2022 were calculated by Statista, using data published the Prudential Regulation Authority.
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Bank of England, & Statista. (January 17, 2024). Number of monetary financial credit institutions in the United Kingdom (UK) from 2008 to 2023 [Graph]. In Statista. Retrieved October 09, 2024, from https://www.statista.com/statistics/1110996/uk-number-of-credit-institutions/
Bank of England, und Statista. "Number of monetary financial credit institutions in the United Kingdom (UK) from 2008 to 2023." Chart. January 17, 2024. Statista. Accessed October 09, 2024. https://www.statista.com/statistics/1110996/uk-number-of-credit-institutions/
Bank of England, Statista. (2024). Number of monetary financial credit institutions in the United Kingdom (UK) from 2008 to 2023. Statista. Statista Inc.. Accessed: October 09, 2024. https://www.statista.com/statistics/1110996/uk-number-of-credit-institutions/
Bank of England, and Statista. "Number of Monetary Financial Credit Institutions in The United Kingdom (Uk) from 2008 to 2023." Statista, Statista Inc., 17 Jan 2024, https://www.statista.com/statistics/1110996/uk-number-of-credit-institutions/
Bank of England & Statista, Number of monetary financial credit institutions in the United Kingdom (UK) from 2008 to 2023 Statista, https://www.statista.com/statistics/1110996/uk-number-of-credit-institutions/ (last visited October 09, 2024)
Number of monetary financial credit institutions in the United Kingdom (UK) from 2008 to 2023 [Graph], Bank of England, & Statista, January 17, 2024. [Online]. Available: https://www.statista.com/statistics/1110996/uk-number-of-credit-institutions/