Banks in the UK: Market Research Report

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

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

Made of money: Revenue is expected to expand despite rising regulatory requirements

IBISWorld’s Banks market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

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 11-16
Annual Growth 16-21
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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 gradual improvement in the housing market propelled industry growth... 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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