Among the five largest banks in the United Kingdom (UK), HSBC Holdings had the lowest cost-to-income ratio (CIR) in 2023, at 48.5 percent. It was followed by NatWest and Lloyds, both with CIRs between 50 and 55 percent. The CIR is a key financial metric used to assess a bank’s profitability, as it compares operating costs to income. A lower CIR indicates higher profitability and operational efficiency, while a higher ratio suggests that a bank's operating expenses are too high relative to its income.
Cost-to-income ratio of the largest banks in the United Kingdom (UK) in 2023
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how Statista can support your business.
Statista. (June 30, 2024). Cost-to-income ratio of the largest banks in the United Kingdom (UK) in 2023 [Graph]. In Statista. Retrieved September 20, 2024, from https://www-statista-com.ezproxy.canberra.edu.au/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. June 30, 2024. Statista. Accessed September 20, 2024. https://www-statista-com.ezproxy.canberra.edu.au/statistics/381940/uk-leading-banks-ranked-by-cost-to-income-ratio/
Statista. (2024). Cost-to-income ratio of the largest banks in the United Kingdom (UK) in 2023. Statista. Statista Inc.. Accessed: September 20, 2024. https://www-statista-com.ezproxy.canberra.edu.au/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., 30 Jun 2024, https://www-statista-com.ezproxy.canberra.edu.au/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.ezproxy.canberra.edu.au/statistics/381940/uk-leading-banks-ranked-by-cost-to-income-ratio/ (last visited September 20, 2024)
Cost-to-income ratio of the largest banks in the United Kingdom (UK) in 2023 [Graph], Statista, June 30, 2024. [Online]. Available: https://www-statista-com.ezproxy.canberra.edu.au/statistics/381940/uk-leading-banks-ranked-by-cost-to-income-ratio/