Uk Banks
Icici bank uk plc.
Uk banks. The uk banking industry is the fourth largest globally and the largest in europe. The fifth major uk based bank standard chartered operates primarily in asia and africa. The uk banking sector is the largest in europe and the 4th largest in the world.
Founded in march 2006 icici bank uk s ret. It includes over 300 banks and 45 building societies. Icici bank uk limited is a wholly owned subsidiary of india s largest private sector bank icici group which boasts 5 million online customers.
The bank of england is the central bank of the uk and also happens to the world s eighth oldest bank. Listed below are the four major categories of banks in the uk. Since its inception in 1694 the bank has changed from being a private bank that loaned money to the government to being the official central.
Each category of banks caters to varying needs ranging from personal to business needs. Central bank in the uk the central bank is the bank of england or boe. The retail and commercial banking markets are dominated by hsbc barclays lloyds banking group natwest group and spanish owned santander uk most of these companies operate more than one banking brand in the uk.
There are approximately 350 banks in the united kingdom including 160 foreign deposit taking institutions as well as 47 building societies who have permission to accept deposits.