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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

IBISWorld’s Banks market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

Report Snapshot
Market Share of Companies
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 SWOT Analysis Chapter

The Banks industry is in the mature phase of its life cycle. One of the main indicators of this is the already high level of private-sector debt in the United Kingdom, which, relative to the size of the economy, is among the highest in the world. This limits the scope for additional borrowing by consumers or businesses. However, the stronger economic conditions and government initiatives are expected to propel growth over the coming period. Higher interest rates should also positively influence revenue.

The industry's contribution to the economy is expected to grow at a compound annual rate of 5.2% over the 10 years through 2020-21, while the economy is expected to grow at 2.1% over the same period... 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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