Total assets of challenger banks in the UK 2020, by bank

Total assets are one of the main measures of a bank's prosperity and is defined as all assets owned by a bank. This includes, but is not limited to cash and balances, loans and advances to banks and customers, as well as debt securities. With total assets valued at more than 90 billion British pounds, Virgin Money as a challenger is still some way reaching the size of the UK's largest banks.

Challenger bank cost to income ratio

The cost to income ratio (CIR) is an important financial metric in determining the profitability of banks. The measure looks at the cost of running operations as compared to a bank’s operating income. Lower ratios mean that a bank is running more profitably whereas a higher CIR indicates the bank’s operating expenses are too high.

Challenger banks CET1 ratio

Common Equity Tier One (CET1) ratio is a measurement of a bank's core equity capital and gives insight as to how well a bank can withstand financial stress. All banks should have a minimum required CET1 ratio of 4.5 percent. As of the end of 2019, all challenger banks within the UK comfortably met the minimum requirement.