Chetwood Financial had the highest cost to income ratio (CIR) among challenger banks in the United Kingdom in 2019, at 661.6 percent. This was followed by the popular online bank Monzo, with a CIR of 459.2 percent.
The cost to income ratio is an important financial metric in determining the profitability of banks. The measure looks at the cost of running operations as compared to a bank’s operating income. Lower ratios mean that a bank is running more profitably whereas a higher C/I ratio indicates the bank's operating expenses are too high.
Cost to income ratio of selected challenger banks in the United Kingdom (UK) in 2019, by bank
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KPMG. (February 28, 2021). Cost to income ratio of selected challenger banks in the United Kingdom (UK) in 2019, by bank [Graph]. In Statista. Retrieved August 20, 2022, from https://www.statista.com/statistics/758776/cost-to-income-ratio-of-challenger-banks-in-the-united-kingdom/
KPMG. "Cost to income ratio of selected challenger banks in the United Kingdom (UK) in 2019, by bank ." Chart. February 28, 2021. Statista. Accessed August 20, 2022. https://www.statista.com/statistics/758776/cost-to-income-ratio-of-challenger-banks-in-the-united-kingdom/
KPMG. (2021). Cost to income ratio of selected challenger banks in the United Kingdom (UK) in 2019, by bank . Statista. Statista Inc.. Accessed: August 20, 2022. https://www.statista.com/statistics/758776/cost-to-income-ratio-of-challenger-banks-in-the-united-kingdom/
KPMG. "Cost to Income Ratio of Selected Challenger Banks in The United Kingdom (Uk) in 2019, by Bank ." Statista, Statista Inc., 28 Feb 2021, https://www.statista.com/statistics/758776/cost-to-income-ratio-of-challenger-banks-in-the-united-kingdom/
KPMG, Cost to income ratio of selected challenger banks in the United Kingdom (UK) in 2019, by bank Statista, https://www.statista.com/statistics/758776/cost-to-income-ratio-of-challenger-banks-in-the-united-kingdom/ (last visited August 20, 2022)
