These are the top 5 Biggest Banks in UK by Profit.
- 1) HSBC — £7.11 billion profit
Founded in 1865, HSBC has since morphed into a global giant. The bank employs over 233,000 staffs and has total assets of £2,374,986 trillion in 2016 (£2,409,656 in 2015). Making it Europe’s biggest bank by assets, which are unrivaled in the UK. in 2016, the bank generated revenues of £44,566 billion with a profit of £7.11 billion before tax.
- 2) Lloyds - £4.238 billion profit
Founded in 1695. The bank employs over 70,000 people and is headquartered in London, UK. It has 3,000 branches in UK. In year 2016, it has total assets of £817,793 billion (£806,688 billion in 2015). The bank generated revenues of £39,611 billion with a profit of £4,238 before tax.
- 3) Barclays - £3,230 billion profit
Founded in 1690, Barclays is the oldest of Britain’s major high street banks. The bank employs 119,300 people and is headquartered in UK. In 2016, Barclays has total assets totalling £1,123,126 trillion (£1,112,012 trillion in 2015). The bank generated income of £19,078 billion with a profit of £3,230 billion.
- 4. Santander UK — £1.82 billion
A subsidiary of Spanish giant Santander Group, Santander UK was formed in 2010 when Abbey National and Bradford & Bingley merged, taking on the Santander name. The bank has roughly 14 million customers.
- 5. Nationwide Building Society — £1.43 billion
Britain’s largest building society controls around £210 billion of the £330 billion worth of assets of the entire building society sector in the UK.
- 7. Standard Chartered — £315 million
Headquartered in the UK, but conducting the majority of its business in emerging markets, particularly Asia, Standard Chartered is part of the FTSE 100.
Note :
The Top Banks in UK revenue's is based on net operating income. Profit is based on profit before taxes. Figures are taken from Annual reports
- * HBSC - page 186 of 2016 Annual Report
- * Barclays - Page 279 of 2016 Annual Report
