- ›
- Financial Institutions
Are large banks the best banks?
The largest banks in the United Kingdom perform well according to profitability and stability measures, such as common equity tier 1 (CET1) ratio, where all of the largest banks are well above the minimum requirements of the Basel III accord. According to customers, however, satisfaction seems to be higher among the new competitors: the online banks like Starling Bank and Monzo Bank. These relatively new actors in the banking sector see a high number of net current account customers switching to their banks, while the giants such as Barclays and HSBC have seen large net losses of customers during the last few years.
Which are the popular online banks in the United Kingdom?
There are several online banks operating in the United Kingdom, but the most popular two are Monzo Bank and Starling Bank. Monzo was founded in 2015 and is a digital-only bank with no physical branches. Their customer numbers are growing rapidly, and as of 2022, the bank had more than five million customers, a figure that has more than doubled in three years. The other major digital-only bank in the country, Starling Bank, was founded in 2014 and has also been a huge success. The bank has had high ratios of new gained customers during the last few years, despite the downward trend in 2021 and 2022. Though the bank operates globally, most of their customers are from the United Kingdom.
This text provides general information. Statista assumes no liability for the information given being complete or correct. Due to varying update cycles, statistics can display more up-to-date data than referenced in the text.
Published by Statista Research Department, Dec 20, 2023
Key insights
Detailed statistics
Leading European banks 2022, by market capitalization
Detailed statistics
Largest European banks in 2022, by assets
Detailed statistics
Largest banks in the UK 2001-2023, by market capitalization
Get more insights
Editor’s Picks Current statistics on this topic
Current statistics on this topic
Related topics
Banking industry
4
- Banking industry in Europe
- Banking industry in the U.S.
- Banking industry in China
- European Central Bank
Large banks
4
- Environmental commitments of Europe's largest banks
- HSBC
- Lloyds Banking Group
- Barclays Bank
Recession
3
- Bank lending during recessions
- U.S. banking industry during recessions
- Banking crisis
Recommended statistics
Overview
7
- Premium Statistic Largest banks globally 2023, by market capitalization
- Basic Statistic Largest banks worldwide 2022, by assets
- Premium Statistic Leading European banks 2022, by market capitalization
- Premium Statistic Market capitalization of leading European banks 2010-2021
- Premium Statistic Largest European banks in 2022, by assets
- Basic Statistic Market capital value of Europe's largest banks since the coronavirus 2019-2023
- Premium Statistic Leading European banks 2023, by brand value
Overview
- Premium Statistic Largest banks globally 2023, by market capitalization
Largest banks globally 2023, by market capitalization
Largest banks worldwide as of December 2023, by market capitalization (in billion U.S. dollars)
- Basic Statistic Largest banks worldwide 2022, by assets
Largest banks worldwide 2022, by assets
Largest banks worldwide as of December 2022, by assets (in trillion U.S. dollars)
- Premium Statistic Leading European banks 2022, by market capitalization
Leading European banks 2022, by market capitalization
Leading banks in Europe as of December 31, 2022, by market capitalization (in billion U.S. dollars)
- Premium Statistic Market capitalization of leading European banks 2010-2021
Market capitalization of leading European banks 2010-2021
Leading banks in Europe from 2010 to 2021, by market capitalization (in billion euros)
- Premium Statistic Largest European banks in 2022, by assets
Largest European banks in 2022, by assets
Leading banks in Europe 2022, by total assets (in billion U.S. dollars)
- Basic Statistic Market capital value of Europe's largest banks since the coronavirus 2019-2023
Market capital value of Europe's largest banks since the coronavirus 2019-2023
Monthly market capitalization of Europe's largest banks since the coronavirus from December 2019 to October 2023 (in billion U.S. dollars)
- Premium Statistic Leading European banks 2023, by brand value
Leading European banks 2023, by brand value
Most valuable banking brands in Europe as of February 2023 (in billion U.S. dollars)
Profitability
7
- Basic Statistic Largest banks in the UK 2001-2023, by market capitalization
- Premium Statistic Largest banks in the UK 2023, by total assets
- Premium Statistic Total assets of the largest banks in the United Kingdom (UK) 2012-2023
- Basic Statistic Most valuable bank brands in the UK 2015-2023
- Basic Statistic Cost-to-income ratio of the largest banks in the UK 2023
- Premium Statistic Revenue of the largest banks in the UK 2010-2022
- Basic Statistic Net profit of the largest banks in the UK 2022
Profitability
- Basic Statistic Largest banks in the UK 2001-2023, by market capitalization
Largest banks in the UK 2001-2023, by market capitalization
Largest banks in the United Kingdom (UK) from 2001 to 2023, by market capitalization (in billion U.S. dollars)
- Premium Statistic Largest banks in the UK 2023, by total assets
Largest banks in the UK 2023, by total assets
Largest banks in the United Kingdom (UK) in 2023, by total assets (in billion British pounds and U.S. dollars)
- Premium Statistic Total assets of the largest banks in the United Kingdom (UK) 2012-2023
Total assets of the largest banks in the United Kingdom (UK) 2012-2023
Total assets of the largest banks in the United Kingdom (UK) from 2012 to 2023 (in trillion British pounds)
- Basic Statistic Most valuable bank brands in the UK 2015-2023
Most valuable bank brands in the UK 2015-2023
Most valuable bank brands in the United Kingdom (UK) from 2015 to 2023 (in million U.S. dollars)
- Basic Statistic Cost-to-income ratio of the largest banks in the UK 2023
Cost-to-income ratio of the largest banks in the UK 2023
Cost-to-income ratio of the largest banks in the United Kingdom (UK) in 2023
- Premium Statistic Revenue of the largest banks in the UK 2010-2022
Revenue of the largest banks in the UK 2010-2022
Revenue of the largest banks in the United Kingdom (UK) from 2010 to 2022 (in billion GBP)
- Basic Statistic Net profit of the largest banks in the UK 2022
Net profit of the largest banks in the UK 2022
Net profit of the largest banks in the United Kingdom (UK) in 2022 (in million British pounds)
Financial stability
3
- Basic Statistic CET1 ratio of the United Kingdom's largest banks 2022
- Premium Statistic Leading UK banks' Tier 1 capital 2022
- Premium Statistic Risk-weighted assets of United Kingdom's largest banks 2022
Financial stability
- Basic Statistic CET1 ratio of the United Kingdom's largest banks 2022
CET1 ratio of the United Kingdom's largest banks 2022
Fully loaded Common Equity Tier 1 ratio (CET1) of the largest banks in the United Kingdom (UK) in 2022
- Premium Statistic Leading UK banks' Tier 1 capital 2022
Leading UK banks' Tier 1 capital 2022
Tier 1 capital of leading banks in the United Kingdom (UK) in 2022 (in billion U.S. dollars)
- Premium Statistic Risk-weighted assets of United Kingdom's largest banks 2022
Risk-weighted assets of United Kingdom's largest banks 2022
Risk-weighted assets (RWA) of the largest banks in the United Kingdom (UK) in 2022 (in billion British pounds)
Branches and customers
6
- Premium Statistic Number of branches at selected large banks in the UK 2017-2023
- Premium Statistic UK: number of open basic bank accounts as of June 2022, by bank
- Premium Statistic Current account switches of United Kingdom (UK) banks Q2 2023, by net gain/loss
- Premium Statistic Ratio of bank customers won and loss in the UK Q2 2023
- Premium Statistic Leading UK banks by number of customers 2022
- Basic Statistic Leading banks in the UK 2023, by customer satisfaction
Branches and customers
- Premium Statistic Number of branches at selected large banks in the UK 2017-2023
Number of branches at selected large banks in the UK 2017-2023
Number of branches at selected leading banks in the United Kingdom (UK) from 2017 to 2023
- Premium Statistic UK: number of open basic bank accounts as of June 2022, by bank
UK: number of open basic bank accounts as of June 2022, by bank
Total number of open basic bank accounts in the United Kingdom (UK) as of June 2022, by bank (in 1,000s)
- Premium Statistic Current account switches of United Kingdom (UK) banks Q2 2023, by net gain/loss
Current account switches of United Kingdom (UK) banks Q2 2023, by net gain/loss
Net current account customers gained or lost by leading banks in the United Kingdom (UK) via "current account switch service" (CASS) in 2nd quarter 2023
- Premium Statistic Ratio of bank customers won and loss in the UK Q2 2023
Ratio of bank customers won and loss in the UK Q2 2023
Ratio of bank customers gained and lost in the United Kingdom in 2nd quarter 2023, by bank
- Premium Statistic Leading UK banks by number of customers 2022
Leading UK banks by number of customers 2022
Global number of customers at the largest banks in the United Kingdom (UK) in 2022 (in millions)
- Basic Statistic Leading banks in the UK 2023, by customer satisfaction
Leading banks in the UK 2023, by customer satisfaction
Leading banks operating in the United Kingdom (UK) as of August 2023, by current account customer satisfaction
Further reportsGet the best reports to understand your industry
Get the best reports to understand your industry
Contact
Get in touch with us. We are happy to help.
Meredith Alda
Sales Manager– Contact (United States)
support@statista.com
Tel
+1 914 619-5895
Mon - Fri, 9am - 6pm (EST)
Yolanda Mega
Operations Manager– Contact (Asia)
asia.support@statista.com
Tel
+65 6995 6959
Mon - Fri, 9am - 5pm (SGT)
Kisara Mizuno
Senior Business Development Manager– Contact (Asia)
asia.support@statista.com
Mon - Fri, 10:00am - 6:00pm (JST)
Lodovica Biagi
Director of Operations– Contact (Europe)
eu.support@statista.com
Tel
+44 (0)20 8189 7000
Mon - Fri, 9:30am - 5pm (GMT)
Carolina Dulin
Group Director - LATAM– Contact (Latin America)
latam@statista.com
Tel
+1 212 419-5774
Mon - Fri, 9am - 6pm (EST)
Yes, let me download!
...and make my research life easier.
Menu
