UK: net interest income of banks by type 2017-2028

Traditional banks in the United Kingdom (UK) had a much higher interest income than digital banks in 2023. According to Statista Financial Market Insights, the net interest income of the traditional banking industry in the UK amounted to roughly 181.1 billion U.S. dollars. In contrast, digital banks had a net interest income of 99.17 billion U.S. dollars. However, according to Statista, the net interest income of traditional banks will decrease in the following years, while digital banks' will increase. Based on this forecast, digital banks will have a higher net interest income than traditional banks by 2027.

Net interest income of the banking industry in United Kingdom (UK) from 2017 to 2023, with forecasts from 2024 to 2028, by type of bank (in billion U.S. dollars)

Characteristic	Traditional Banks	Digital Banks
-	-	-
-	-	-
-	-	-
-	-	-
-	-	-
-	-	-
-	-	-
-	-	-
-	-	-
-	-	-
-	-	-
-	-	-

Download

Source

Show detailed source information?

Already a member?

Source

Use Ask Statista Research Service

More information

Supplementary notes

Data provided by Statista Market Insights are estimates.

Definition:

The Retail & Commercial Banking market refers to the financial services sector providing financial products and services to individuals and businesses. Retail banking focuses on offering financial services to individual consumers, such as personal loans, savings and checking accounts, credit cards, and mortgages. Commercial banking, on the other hand, provides financial services to small and large businesses, including loans, lines of credit, and other financial products designed specifically for businesses.

Structure:

The market consists of two segments:
- The Traditional Banking market refers to the financial services sector that provides a range of financial products and services to individuals and businesses through store-based branches and other traditional channels.
- The Digital Banking market refers to the emerging market for digital-only banks that offer financial services through online and mobile platforms.

The market data comprises Net Interest Income, Bank Account Penetration rate, the value of Deposits, the number of depositors, the value of Loans, the number of borrowers, Credit Card Interest Income, the number of ATMs as well as the number of Bank Branches.

Additional information:

The Banking market is highly competitive and characterized by the presence of large global players as well as regional and local banks. Banks are continually seeking ways to improve their offerings and remain competitive by leveraging technology and offering innovative financial products and services. Additionally, changes in regulations and the growing trend toward digitalization are shaping the Retail & Commercial banking market, creating opportunities for new entrants, and forcing existing players to adapt.
Key players in this market are companies such as the Industrial and Commercial Bank of China Ltd., JPMorgan Chase & Co., and HSBC Holdings.

Use the info button next to the boxes for more information on the data displayed.

Citation formats