This statistic displays the average number of branches for the major UK banks, challenger banks as well as large retailers offering financial services in the United Kingdom (UK) as of 2014. In that year, big banks had on average approximately 1.5 thousand branches throughout the country, whereas smaller challenger banks opened nearly 40 branches on average.
Average number of branches for big five banks, challenger banks and large retailers in the United Kingdom as of 2014
Characteristic
Average number of branches
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* According to the source:
"Smaller challengers have typically been incorporated in the past five years. Four of them are now listed banks. They include: Shawbrook, Aldermore, Handelsbanken, Metro, STB and Onesavings."
"Larger challengers are longer established. Two of them are new but have inherited large portfolios of loans and advances to customers. They include Virgin, First Direct, Williams and Glyn, Nationwide, TSB and NAB."
The Big Five include HSBC, Barclays, Lloyds, RBS and Santander.
Large retailers inclue M&S, Asda Money, Tesco and Sainsbury's.
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KPMG. (May 4, 2015). Average number of branches for big five banks, challenger banks and large retailers in the United Kingdom as of 2014 [Graph]. In Statista. Retrieved September 01, 2024, from https://www.statista.com/statistics/462968/large-challenger-banks-branches-number-uk/
KPMG. "Average number of branches for big five banks, challenger banks and large retailers in the United Kingdom as of 2014 ." Chart. May 4, 2015. Statista. Accessed September 01, 2024. https://www.statista.com/statistics/462968/large-challenger-banks-branches-number-uk/
KPMG. (2015). Average number of branches for big five banks, challenger banks and large retailers in the United Kingdom as of 2014 . Statista. Statista Inc.. Accessed: September 01, 2024. https://www.statista.com/statistics/462968/large-challenger-banks-branches-number-uk/
KPMG. "Average Number of Branches for Big Five Banks, Challenger Banks and Large Retailers in The United Kingdom as of 2014 ." Statista, Statista Inc., 4 May 2015, https://www.statista.com/statistics/462968/large-challenger-banks-branches-number-uk/
KPMG, Average number of branches for big five banks, challenger banks and large retailers in the United Kingdom as of 2014 Statista, https://www.statista.com/statistics/462968/large-challenger-banks-branches-number-uk/ (last visited September 01, 2024)
Average number of branches for big five banks, challenger banks and large retailers in the United Kingdom as of 2014 [Graph], KPMG, May 4, 2015. [Online]. Available: https://www.statista.com/statistics/462968/large-challenger-banks-branches-number-uk/