According to top-tier large corporations executives in the United Kingdom (UK), HSBC had the largest market penetration among leading banking services providers in the country as of 2021 . In that time, HSBC's had a market penetration of 75 percent of the United Kingdom corporate banking market. HSBC was also one of the top five banks by large corporations market penetration in Europe.
Leading banks for large corporations in the United Kingdom (UK) in 2021, by market penetration rate
CFOs, finance directors and treasurers of top-tier companies in the United Kingdom
Supplementary notes
The market penetration rate represents the proportion of respondents that consider each bank an important provider of corporate banking services.
The source added the following methodological information 'Greenwich Associates conducted 1,235 interviews with financial officers (e.g., CFOs, finance directors and group treasurers)
at corporations and financial institutions with sales in excess of €500 million, including 558 with sales of at least €2 billion.
An additional 1,272 interviews were conducted with corporate decision-makers for cash management, mainly treasurers.
Interviews were conducted throughout Austria, Belgium, Denmark, Finland, France, Germany, Ireland, Italy, Luxembourg,
the Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, and the United Kingdom. Interviews took place from September 2020 to January 2021. Subjects covered included bank credit capabilities, domestic and cross-border advisory capabilities and
quality of institution and relationship management. Cash management capabilities were examined in separate interviews with corporate treasurers.'
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Greenwich Associates. (February 24, 2021). Leading banks for large corporations in the United Kingdom (UK) in 2021, by market penetration rate [Graph]. In Statista. Retrieved May 29, 2022, from https://www.statista.com/statistics/454056/penetration-banking-for-large-corporates-uk/
Greenwich Associates. "Leading banks for large corporations in the United Kingdom (UK) in 2021, by market penetration rate." Chart. February 24, 2021. Statista. Accessed May 29, 2022. https://www.statista.com/statistics/454056/penetration-banking-for-large-corporates-uk/
Greenwich Associates. (2021). Leading banks for large corporations in the United Kingdom (UK) in 2021, by market penetration rate. Statista. Statista Inc.. Accessed: May 29, 2022. https://www.statista.com/statistics/454056/penetration-banking-for-large-corporates-uk/
Greenwich Associates. "Leading Banks for Large Corporations in The United Kingdom (Uk) in 2021, by Market Penetration Rate." Statista, Statista Inc., 24 Feb 2021, https://www.statista.com/statistics/454056/penetration-banking-for-large-corporates-uk/
Greenwich Associates, Leading banks for large corporations in the United Kingdom (UK) in 2021, by market penetration rate Statista, https://www.statista.com/statistics/454056/penetration-banking-for-large-corporates-uk/ (last visited May 29, 2022)
