Number of credit institutions in the UK 2008-2024

Published by Statista Research Department, Jan 29, 2025

The number of monetary financial credit institutions, which include all banks and building societies that have permission to accept deposits, decreased overall between 2008 and 2024 in the United Kingdom. As of September 2024, there were 328 such institutions in the country, 68 fewer than in 2008. The level of decrease in the UK was slower than in the euro area, where the number of credit institutions dropped from 6,570 in 2008 to 3,926 in 2023.

Number of monetary financial credit institutions in the United Kingdom (UK) from 2008 to 2024

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Release date

September 2024

Region

United Kingdom

Survey time period

2008 to 2024

Special properties

end-of-year figures

Supplementary notes

Until 2013 figures were sourced from information provided by the Financial Services Authority (FSA). From 1st April 2013, the list is provided by the Prudential Regulation Authority.
The figures include all banks and building societies that have permission to accept deposits in the UK. Figures prior to 2020 were published by the European Central Bank, which stopped reporting values for the UK in 2020. Figures between 2020 and 2023 were calculated by Statista, using data published the Prudential Regulation Authority.

*As of September 2024.

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