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Banks in the UK: Market Research Report

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

Banks Market Research Report | SIC K64.191 | Jan 2016

Cash in hand: Industry revenue increases despite competition and new regulations

The Banks market research report provides key industry analysis and industry statistics, measures market size, analyzes current and future industry trends and shows market share for the industry’s largest companies. IBISWorld publishes the largest collection of industry reports so you can see an industry’s supply chain, economic drivers and key buyers and markets.

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
Revenue
£117bn
Annual Growth 11-16
5.0%
Annual Growth 16-21
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Profit
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Employment
370,917
Businesses
334
Industry Analysis & Industry Trends

The industry returned to growth during the past five years after being battered by the financial crisis. 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 5% over the five years through 2015-16 to £116.7 billion. The improvement in the housing market propelled industry growth... purchase to read more

Industry Report - Industry Key Buyers Chapter

IBISWorld expects the four largest UK banks to have a combined market share of 47.5% in 2015-16, which indicates a medium level of concentration in the industry. Concentration increased significantly in January 2009 when Lloyds acquired HBOS, which had been hit hard by the financial crisis. The acquisition was largely funded by a capital injection from the government on the condition that the combined group would create and spin out a 600-branch retail banking business that would account for about one-fifth of the combined group's mortgage book. However, the recent sale of TSB by Lloyds is expected to cause concentration to fall... 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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