Among the five largest banks in the United Kingdom (UK), HSBC Holdings had the lowest cost-to-income ratio (CIR) in the first half of 2023. HSBC's CIR was 41.9 percent as of June 2023. It was followed by Lloyds and NatWest, with ratios just below 50 percent. The CIR is an important financial metric for determining the profitability of banks. The measure looks at the cost of running operations in relation to a bank’s operating income. Lower ratios mean that a bank is running more profitably, whereas a higher CIR indicates that the bank's operating expenses are too high.
Cost-to-income ratio of the largest banks in the United Kingdom (UK) in 2023
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Statista. (January 18, 2023). Cost-to-income ratio of the largest banks in the United Kingdom (UK) in 2023 [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/381940/uk-leading-banks-ranked-by-cost-to-income-ratio/
Statista. "Cost-to-income ratio of the largest banks in the United Kingdom (UK) in 2023." Chart. January 18, 2023. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/381940/uk-leading-banks-ranked-by-cost-to-income-ratio/
Statista. (2023). Cost-to-income ratio of the largest banks in the United Kingdom (UK) in 2023. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/381940/uk-leading-banks-ranked-by-cost-to-income-ratio/
Statista. "Cost-to-income Ratio of The Largest Banks in The United Kingdom (Uk) in 2023." Statista, Statista Inc., 18 Jan 2023, https://www.statista.com/statistics/381940/uk-leading-banks-ranked-by-cost-to-income-ratio/
Statista, Cost-to-income ratio of the largest banks in the United Kingdom (UK) in 2023 Statista, https://www.statista.com/statistics/381940/uk-leading-banks-ranked-by-cost-to-income-ratio/ (last visited July 22, 2024)
Cost-to-income ratio of the largest banks in the United Kingdom (UK) in 2023 [Graph], Statista, January 18, 2023. [Online]. Available: https://www.statista.com/statistics/381940/uk-leading-banks-ranked-by-cost-to-income-ratio/