In 2017, the United Kingdom’s three largest banks accounted for approximately 50 percent of assets held by banks in the region. The UK’s largest bank had total assets valued at 2.1 trillion euros in 2017 and held a market share of 25 percent. In 2017, HSBC was also the largest bank in Europe.
The fall of Europe’s banks
Since the financial crisis, banks need to enhance profitability and ensure financial stability has seen the number of credit institutions fall. This alongside the rise in online banking, the need for physical bank branches has become less relevant. In 2017, Estonia’s physical banks had an average of over 14.5 thousand customers per branch.
The United Kingdom’s finance sector
In 2017, the United Kingdom’s financial services sector employed more than one million employees. Despite the rise of employment in the UK’s financial services sector, bank branches have seen a similar decline to the rest of Europe, with the North West seeing the largest number of branches closed in recent years. Between 1981 and 2018, some banks have seen as much as an 80 percent fall in branches nationwide.
Market share of total assets for leading British-owned banks in the United Kingdom (UK) in 2017
* The source adds the following information: "Standard Charted Bank is a multi-national bank with businesses outside the UK." Metro Bank data as at end-Feb 2018; Nationwide BS data as at April 2018.
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Payments Card Yearbook. (November 30, 2018). Market share of total assets for leading British-owned banks in the United Kingdom (UK) in 2017 [Graph]. In Statista. Retrieved December 02, 2024, from https://www.statista.com/statistics/813544/leading-uk-banks-by-market-share/
Payments Card Yearbook. "Market share of total assets for leading British-owned banks in the United Kingdom (UK) in 2017." Chart. November 30, 2018. Statista. Accessed December 02, 2024. https://www.statista.com/statistics/813544/leading-uk-banks-by-market-share/
Payments Card Yearbook. (2018). Market share of total assets for leading British-owned banks in the United Kingdom (UK) in 2017. Statista. Statista Inc.. Accessed: December 02, 2024. https://www.statista.com/statistics/813544/leading-uk-banks-by-market-share/
Payments Card Yearbook. "Market Share of Total Assets for Leading British-owned Banks in The United Kingdom (Uk) in 2017." Statista, Statista Inc., 30 Nov 2018, https://www.statista.com/statistics/813544/leading-uk-banks-by-market-share/
Payments Card Yearbook, Market share of total assets for leading British-owned banks in the United Kingdom (UK) in 2017 Statista, https://www.statista.com/statistics/813544/leading-uk-banks-by-market-share/ (last visited December 02, 2024)
Market share of total assets for leading British-owned banks in the United Kingdom (UK) in 2017 [Graph], Payments Card Yearbook, November 30, 2018. [Online]. Available: https://www.statista.com/statistics/813544/leading-uk-banks-by-market-share/