Wednesday, May 29, 2024

Top 10 Banks in UK 2024

10 Biggest Banks in UK in 2024

The UK banking sector is one of the largest and most advanced in Europe. It consists of a wide range of banks, including both large international banks as well as smaller local institutions. The sector is dominated by four major players – Lloyds Banking Group, Barclays, Royal Bank of Scotland, and HSBC Holdings plc – which together hold around two-thirds of total assets in the sector.

In the UK, banking is an important part of the economy and its banking sector plays a major role in supporting economic growth. Banks provide financial services such as loans, mortgages, investments, and other services to individuals and businesses. With this in mind, Britons need to understand which banks are the most trusted and reliable ones available to them. This article takes a look at the top 10 banks in the UK in 2024 and provides insight into their offerings, services, and financial products.

Here is a list of the Top 10 Banks in UK in 2024:

1. HSBC Holdings:

HSBC Holdings is a multinational banking and financial services company that has been serving customers for over 150 years. With operations spanning 64 countries, HSBC Holdings offers a wide range of banking services, including personal and business banking, global trade and receivables finance, and asset management. Their commitment to providing excellent customer service has earned them a strong reputation in the banking industry.

In addition, HSBC Holdings has implemented various environmental and social initiatives, such as reducing its carbon footprint and promoting financial education, further demonstrating its dedication to making a positive impact on society. With its comprehensive range of services and socially responsible mindset, HSBC Holdings is a top choice for anyone seeking reliable and responsible banking services.

2. Lloyds Banking Group:

Lloyds Banking Group has a rich history since its founding in 1765. What started as a small private banking business has now grown to become one of the biggest banking organizations in the UK. The group offers various services such as personal banking, commercial banking, and insurance.

With more than 30 million customers, they have established themselves as a reliable and trustworthy financial institution. Their commitment to innovation and customer satisfaction is evident in their easy-to-use online banking platform and mobile application. Lloyds Banking Group operates with a clear mission of helping people, businesses, and communities to prosper, providing financial solutions that make a positive difference in people’s lives.

3. Barclays:

One of the oldest banks in the world, Barclays has been operating for over 300 years and is still immensely popular with customers across the UK. Barclays is a well-known multinational investment bank founded in 1690 in London. The company offers a diverse range of financial services to its customers worldwide such as wealth and investment management, corporate and investment banking, credit cards, mobile banking, and insurance services.

Over the years, Barclays has expanded its footprint by acquiring various banking institutions, thereby increasing its customer base and market share. Today, the bank operates across multiple locations in Europe, America, Africa, and Asia. Barclays has a reputation for innovation, excellence, and commitment towards its customers, making it a trusted name in the field of banking.

4. Santander UK:

Santander UK, a subsidiary of Spain’s Santander Group, was founded in 2010 following the acquisition of Abbey National. Since then, it has established itself as a major player in the UK banking sector. With a focus on providing customer-centric services, Santander UK offers a range of products, including personal banking, business banking, mortgages, and insurance.

It also provides a variety of online and mobile banking tools to make banking as convenient as possible for its customers. As a socially responsible company, Santander UK has committed to several initiatives to support the communities it serves, including investment in skills and education. With a strong reputation for innovation, an emphasis on customer satisfaction, and a commitment to social responsibility, Santander UK remains an important part of the UK banking landscape.

5. Standard Chartered:

Standard Chartered is a banking and financial services company that operates across a diverse range of markets, including Europe, the Americas, Africa, the Middle East, and Asia. Founded in 1853, this longstanding institution has built its reputation on a commitment to customer care and innovative solutions. With a comprehensive selection of financial services on offer, Standard Chartered caters to individuals, companies, and institutions alike.

Some of its core offerings include personal and business banking, wealth management, investment services, and international trade financing. This institution’s global reach and steadfast approach make it a reliable partner for navigating the complex world of finance.

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6. RBS Group:

The RBS Group, short for Royal Bank of Scotland Group, is a banking and financial services company headquartered in Edinburgh, Scotland. Founded in 1727, it has a rich history and is one of the oldest banks in the world. The group provides a wide range of services, including personal banking, commercial banking, wealth management, and insurance. With a presence in over 40 countries, the RBS Group serves millions of customers worldwide.

Apart from its core services, the company is also committed to promoting sustainable development and investing in the local communities where it operates. All in all, the RBS Group is a pillar of the global banking sector and a strong example of the importance of establishing longstanding relationships with its customers.

7. Close Brothers:

Close Brothers is a financial services group that was founded in 1878. With more than 3,000 employees, the company offers a wide range of services, including banking, securities trading, and investing. It also provides lending and leasing services to individuals, businesses, and organizations. Close Brothers has a reputation for being a trusted and reliable partner for its customers when it comes to managing their finances and investments.

The group’s focus on customer service has earned it a loyal following over the years, and it continues to be a leader in the financial services industry. With a commitment to excellence and a dedication to helping its customers achieve their financial goals, Close Brothers is an excellent choice for anyone looking for expert financial advice and services.

8. Starling Bank:

Starling Bank is a digital bank that was founded in 2014 by Anne Boden. It is headquartered in London and has quickly become a popular choice for customers looking for a banking experience that is entirely app-based. The bank offers a range of services, including current accounts, savings accounts, and business banking. One of the key benefits of banking with Starling is the ability to manage your finances on the go through their user-friendly app.

Additionally, the bank is fully regulated by the Financial Conduct Authority and the Prudential Regulation Authority, providing customers with peace of mind. With its sleek design and commitment to transparency, it’s no wonder Starling Bank has become a favorite among tech-savvy customers seeking innovative banking solutions.

9. Coventry Building Society:

Coventry Building Society has been making a difference in people’s lives since its founding in 1884. Along the way, it has grown to become one of the largest and most trusted financial institutions in the UK, offering a range of services that are tailored to the needs of its customers. Whether you’re looking to save for your first home, borrow money for a new car or invest in your future, Coventry Building Society has got you covered.

With a focus on innovation, transparency, and putting its members first, it’s no wonder why Coventry Building Society is a popular choice for millions of people across the country. So, if you’re looking for a financial partner that you can trust, look no further than Coventry Building Society.

10. Metro Bank:

Metro Bank is a prime example of how innovation can change the banking industry. Founded in 2010, it was the first new high-street bank to open in the UK in over 100 years. Metro Bank has become known for its fresh approach and unparalleled customer service that has left competitors struggling to keep up. The bank offers a range of services that includes current and savings accounts, mortgages, and personal loans. With a focus on the customer, Metro Bank aims to make banking transparent and enjoyable for everyone. In an industry where traditional banking can often be a daunting and tiresome process, Metro Bank’s customer-focused approach makes them stand out from the crowd.


These are some of the biggest banks in the UK in 2024 and many of them have been around for centuries and remain popular with customers today. Each bank offers a range of products to suit different needs and budgets so it’s important to shop around and find the best fit for you.

No matter which bank you choose, always make sure that it is regulated by the Financial Conduct Authority (FCA) so that your money remains safe. Additionally, shop around for interest rates and fees before signing up with any financial institution. By doing your research, you can be sure that you’re getting the best deal for your money.  Good luck!


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