List of banks in uk in 2012 among the best british banks in 2012 are listed below with brief reviews for your information and quick reference.
These top banks in uk, offer excellent investment opportunities and great customer service and are the best in class.
List of banks in uk - Top 7 banks in 2012
HSBC
Royal Bank of Scotland
Lloyds Banking Group
Barclays
Standard Chartered Bank
Santander
Tesco Bank
Brief reviews of each of these banks in uk
HSBC- No 1
HSBC provides a comprehensive range of financial services to around 89 million customers through four global businesses:
Retail Banking and Wealth Management (formerly Personal Financial Services); Commercial Banking; Global Banking and Markets; and Global Private Banking.
Headquartered in London, HSBC is one of the largest banking and financial services organisations in the world.
HSBC's international network comprises around 7,500 offices in over 80 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa.
With listings on the London, Hong Kong, New York, Paris and Bermuda stock exchanges, shares in HSBC Holdings plc are held by over 221,000 shareholders in 127 countries and territories and hence it is ranked as the best bank in our list of banks in uk in 2012
The shares are traded on the New York Stock Exchange in the form of American Depositary Receipts.
ROYAL BANK OF SCOTLAND - No 2
Though the UK Government holds a controlling stake of 84 % in the shares of Royal Bank of Scotland, the bank is independent of the Government.
With its headquarters at Edinburgh, it has a market capitalisation of more than 50 Billion pounds and emerges as the second best in our list of banks in uk.
LLOYDS BANKING GROUP - No 3
Lloyds TSB Group plc was renamed Lloyds Banking Group plc on 19 January 2009, following the acquisition of HBOS plc. This makes them the largest retail bank in the UK with strong positions in a number of sectors.
Their goal is to be the best financial services provider in the UK.
While the short term outlook for all financial services companies in the UK and around the globe is challenging, they believe that the acquisition of HBOS will be a success.
They have multiple brands which mean they can serve customers in terms of pricing and positioning to cover and attract more of the market and is hence the third best bank in UK.
Lloyds TSB and Halifax are their main brands in England and Wales and Bank of Scotland is the main brand in Scotland.
BARCLAYS - No 4
Barclays is a major global financial services provider engaged in retail banking, credit cards, corporate and investment banking and wealth management with an extensive international presence in Europe, the Americas, Africa and Asia.
With over 300 years of history and expertise in banking, Barclays operates in over 50 countries and employs over 145,000 people. Barclays moves, lends, invests and protects money for customers and clients worldwide and hence is undoubtedly fourth in our list of banks in UK.
Barclays Group headquarters is at 1 Churchill Place in London, UK, but they have operations all over the world, with products and services to meet the needs of customers and clients in local markets
From basic accounts in developing markets to financial expertise in high street branches, Barclays services include credit cards, insurance, loans, mortgages and more.
STANDARD CHARTERED BANK - No 5
The bank has over 85,000 staff representing 129 nationalities and nearly half are women.
Standard Chartered Bank was formed in 1969 through the merger of two separate banks, the Standard Bank of British South Africa and the Chartered Bank of India, Australia and China.
These banks had capitalised on the expansion of trade between Europe, Asia and Africa and is well placed as the fifth best bank in UK in our list.
Standard Chartered bank aspires to be the world's best international bank, leading the way in Asia, Africa and the Middle East and are well placed to expand into emerging economies.
SANTANDER - No 6
Santander UK plc is one of the UK's leading personal financial services companies and one of the largest providers of mortgages and savings in the UK.
Santander Group is a diversified retail and commercial bank with around 14,700 branches, more than any other international bank, over 190,000 employees and around 100 million customers.
Its success comes from being close to its customers, its focus on retail and commercial banking and a sensible approach to lending which is responsible for making it sixth, in our list of banks in uk in 2012.
Santander UK plc, a part of the Santander Group, is a leading financial services provider in the UK, offering a wide range of personal and commercial financial products and services.
Their success is built on a focus on retail and commercial banking. They have consistently delivered strong financial results with increasing profits and revenues that are balanced by strict cost-management and responsible lending.
This has enabled them to be the most efficient financial services provider in the UK, committed to offering customers the most innovative and best value-for-money products.
Looking ahead, Santander is extremely well-positioned to continue to grow, with expansion focused primarily through organic means, while assessing selected acquisition opportunities as they arise.
TESCO BANK - No 7
Tesco Bank sells its 28 products and services through multiple channels including stores, by telephone and online. Approximately 62% of new product sales are made online.
While the bulk of Tesco Bank's activities are focused in the UK, it also supports Tesco in delivering Financial Services products with partner banks in other countries in which Tesco has a presence, and thus finds itself as the seventh best bank in UK in 2012
These include Ireland, Thailand, Poland and Malaysia. Tesco Bank has over 450 members of staff and 6 million customer accounts.
Their key product areas are:
- General Insurance - motor, home, pet, travel, dental, health and life
- Credit cards and personal loans
- Personal saving products
- Tesco Compare - online insurance and utilities comparison
REFER :
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