Banks in the UK: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Banks Market Research Report | SIC K64.191 | Mar 2015

Cashing in: The industry expands despite pressure from increasing regulation

IBISWorld’s Banks market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
Barclays plc Barclays plc market share
HSBC Holdings HSBC Holdings market share
Lloyds Banking Group Lloyds Banking Group market share
Royal Bank of Scotland Group Royal Bank of Scotland Group market share
Industry Statistics & Market Size
Annual Growth 10-15
Annual Growth 15-20
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Industry Analysis & Industry Trends

The past five years have been some of the most volatile in the history of the banking industry. After a period of surging revenue and profit driven by a credit boom, a strong economy and an unprecedented expansion in banking operations and products, the industry was brought to its knees by the financial crisis in late 2008. As global capital markets plunged and banks stopped lending to each other, massive asset write-downs wiped out banks' equity, resulting in the collapse of Northern Rock and forcing the partial nationalisation of those left standing. Industry revenue is expected to increase at a compound annual rate of 3.4% over the five years through 2014-15 to £108.7 billion. However, this is mainly due to base-year revenue being significantly squeezed... purchase to read more

Industry Report - Starting a New Business Chapter

The main barrier to entry into the Banks industry is regulation. Banks in the United Kingdom must be licensed by the Financial Conduct Authority (FCA) and the Prudential Regulation Authority (PRA). A number of hurdles must be cleared to obtain a licence, such as a five-year plan detailing the number of branches and funding plans, a quota of registered directors and a significant amount of capital. The number of new licences issued annually in the past five years has been in the single digits. However, the Financial Services Authority, the precursor of the FCA and the PRA, flagged a desire to reduce barriers to entry to increase competition and perhaps decrease reliance on the major banks... purchase to read more


Industry ProductsRelated ReportsTable of Contents

What is the Banks Industry?

The Banks industry covers the retail and commercial banking activities of deposit-taking institutions. Retail and commercial banks accept deposits from and make loans to individuals and businesses.

Industry Products
Business loansHome loansPersonal loansBank accounts
Industry Activities
Lending to businessesLending to individualsAccepting deposits

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