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Challenger banks vs big five banks: average branch numbers in the UK 2014

This statistic displays the average number of branches for the major UK banks, challenger banks as well as large retailers offering financial services in the United Kingdom (UK) as of 2014. In that year, big banks had on average approximately 1.5 thousand branches throughout the country, whereas smaller challenger banks opened nearly 40 branches on average.

Average number of branches for big five banks, challenger banks and large retailers in the United Kingdom as of 2014

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Source

Release date

May 2015

Region

United Kingdom

Survey time period

2014

Supplementary notes

* According to the source:
"Smaller challengers have typically been incorporated in the past five years. Four of them are now listed banks. They include: Shawbrook, Aldermore, Handelsbanken, Metro, STB and Onesavings."
"Larger challengers are longer established. Two of them are new but have inherited large portfolios of loans and advances to customers. They include Virgin, First Direct, Williams and Glyn, Nationwide, TSB and NAB."
The Big Five include HSBC, Barclays, Lloyds, RBS and Santander.
Large retailers inclue M&S, Asda Money, Tesco and Sainsbury's.

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Statistics on "Challenger banks in the United Kingdom (UK)"

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