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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 | Jul 2016

Banking on support: Firms are set to struggle as competition grows and interest rates remain low

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
£121bn
Annual Growth 12-17
4.5%
Annual Growth 17-22
Purchase to read more
Profit
Purchase to read more
Employment
356,273
Businesses
331
Industry Analysis & Industry Trends

Over the past five years, increases in retail lending activity, prompted by an upturn in the housing market, have supported growth in the industry. The flow of credit available to banks also improved. Industry revenue is expected to increase at a compound annual rate of 4.5% over the five years through 2016-17. However, commercial lending activity remained weak, despite beginning to improve during the latter part of the period, and constrained industry growth. The tightening regulatory environment and very strict lending criteria also restricted lending activity and curbed industry expansion. In addition, the low interest rate environment curbed growth over the past five years.

In 2016-17, IBISWorld expects revenue to expand by 3.9% to £121 billion... purchase to read more

Industry Report - Industry Key Buyers Chapter

IBISWorld expects the four largest UK banks to have a combined market share of 47.6% in 2016-17, 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. A similar bailout condition requiring RBS to divest 314 Royal Bank of Scotland and NatWest branches is also expected to reduce concentration. In .. 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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