Among the five largest banks in the United Kingdom (UK), HSBC Holdings had the lowest cost-to-income ratio (CIR) in 2023, at 48.5 percent. It was followed by NatWest and Lloyds, both with CIRs between 50 and 55 percent. The CIR is a key financial metric used to assess a bank’s profitability, as it compares operating costs to income. A lower CIR indicates higher profitability and operational efficiency, while a higher ratio suggests that a bank's operating expenses are too high relative to its income.
Cost-to-income ratio of the largest banks in the United Kingdom (UK) in 2023
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Statista. (June 30, 2024). Cost-to-income ratio of the largest banks in the United Kingdom (UK) in 2023 [Graph]. In Statista. Retrieved October 06, 2024, from https://www.statista.com/statistics/381940/uk-leading-banks-ranked-by-cost-to-income-ratio/
Statista. "Cost-to-income ratio of the largest banks in the United Kingdom (UK) in 2023." Chart. June 30, 2024. Statista. Accessed October 06, 2024. https://www.statista.com/statistics/381940/uk-leading-banks-ranked-by-cost-to-income-ratio/
Statista. (2024). Cost-to-income ratio of the largest banks in the United Kingdom (UK) in 2023. Statista. Statista Inc.. Accessed: October 06, 2024. https://www.statista.com/statistics/381940/uk-leading-banks-ranked-by-cost-to-income-ratio/
Statista. "Cost-to-income Ratio of The Largest Banks in The United Kingdom (Uk) in 2023." Statista, Statista Inc., 30 Jun 2024, https://www.statista.com/statistics/381940/uk-leading-banks-ranked-by-cost-to-income-ratio/
Statista, Cost-to-income ratio of the largest banks in the United Kingdom (UK) in 2023 Statista, https://www.statista.com/statistics/381940/uk-leading-banks-ranked-by-cost-to-income-ratio/ (last visited October 06, 2024)
Cost-to-income ratio of the largest banks in the United Kingdom (UK) in 2023 [Graph], Statista, June 30, 2024. [Online]. Available: https://www.statista.com/statistics/381940/uk-leading-banks-ranked-by-cost-to-income-ratio/