May 2026
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Largest Commercial Banking Public Companies in the UK
Benchmark revenue and EBITDA valuation multiples for public comps like
HSBC, Barclays, Lloyds Banking Group, NatWest Group and Standard Chartered.
 | Established in 1865 in Hong Kong, London-based HSBC is one of the largest banks in the world, with assets of USD 3 trillion and over 40 million customers worldwide. It operates in more than 50 countries with over 200,000 full-time staff. Hong Kong and the United Kingdom are its two largest markets. The bank offers retail, commercial and institutional banking, global banking and markets, wealth management, and private banking. | $19 | +58% | $319B | $106B | 1.5x | - | ||
| Barclays is a universal bank headquartered in the United Kingdom. It operates via five principal segments; Barclays UK (retail), UK corporate bank, private bank and wealth management, investment bank, and US consumer bank. In its UK segment, the bank provides current accounts, mortgages, savings and investment management services, credit cards, and business banking services to retail clients and small and medium-size enterprises. The US consumer bank includes a co-branded credit card and unsecured lending business. The investment bank offers global markets, financing, and advisory services. | $6 | +36% | $83B | $252B | 6.3x | - | ||
| Lloyds is a retail and commercial bank headquartered in the United Kingdom. The bank operates via three business segments: retail, commercial banking, and insurance and wealth. In retail, Lloyds offers primarily mortgages (66% of loan portfolio), credit cards, and current accounts to its customers. Its commercial banking operation provides lending, transaction banking, working capital management, and debt capital market services to large companies and financial institutions in the UK. Insurance and wealth round out the product lineup with life and property insurance as well as pension solutions and high-net-worth asset management services. | $1 | +31% | $79B | $214B | 7.9x | - | ||
| NatWest Group derives around 90% of its total income from the United Kingdom. The bank operates a retail, commercial, and private bank in the UK, offering clients lending and payment services as well as asset management services. | $8 | +16% | $63B | $21B | 0.9x | - | ||
| Standard Chartered Bank was established in 1853 by Royal Charter in the United Kingdom, with holding company Standard Chartered PLC incorporated in 1969. The bank is domiciled in the United Kingdom, and provides banking services across over 50 countries and territories, primarily in Asia, Africa, the Middle East, and the UK. The bulk of the business is in corporate and transaction banking, financial markets, and corporate finance. The bank has strong retail franchises focusing on the affluent segment in Hong Kong, Singapore, and certain countries in Africa. The bank has also launched a ventures division to focus on financial technology, including digital banks in Hong Kong and Singapore, online payment, and digital assets. | $27 | +68% | $59B | $144B | 6.9x | - | ||
| AIB Group PLC is a banking services company. The company's operating segments are Retail Banking; Capital Markets; AIB UK and Group. It generates maximum revenue from the Retail Banking segment. Retail Banking segment comprises Homes and Consumer, SME and Financial Solutions Group (FSG) in a single integrated segment, focused on meeting the current, emerging and future needs of personal and SME customers. Geographically, it derives a majority of revenue from Ireland and also has a presence in the United Kingdom and the Rest of the World. | $12 | +45% | $25B | $33B | 6.2x | - | ||
| Lion Finance Group PLC, along with its subsidiaries, provides banking and financial services focused on the Georgian and Armenian markets. It offers services such as banking, leasing, brokerage, and investment management to corporate and individual customers. The Group is organised into the following Business Divisions and respective operating segments: Retail Banking, SME Banking, Corporate, Investment Banking, Corporate Center, Armenian Financial Services, and Other Businesses. | $147 | +56% | $6B | $11B | - | - | ||
| Investec PLC is part of a dual-listed specialized financial services firm that is the controlling company for the group's non-Southern African businesses. The group reports its operating results and formulates its client plan of action in a consolidated manner. Investor PLC represents just under half of the group's operating profits. The group's operating segments includes Wealth and Investment, Private Banking, Corporate, Investment Banking and Other, and Group Investment. Company operates in UK and Southern Africa. | $6 | +10% | $5B | $3B | 1.0x | - | ||
| TBC Bank Group PLC is a UK-based banking group. Its business activity involves universal banking operations within Georgia. The bank is focused on financial services activities, and the majority of its total assets relate to banking, insurance, leasing, brokerage, and corporate advisory services. Its operating segments include Georgian financial services (Georgia FS), which includes corporate and investment banking (CIB), Retail - non-business individual customers;, Micro, Small, and Medium Enterprises: (MSME), Uzbekistan and Other Operations. The majority of its revenues are derived from the Retail segment, which includes all non-business individual or individual business customers. | $60 | -4% | $3B | $4B | - | - | ||
| Shawbrook Group PLC is a specialist savings and lending bank operating in the United Kingdom. It focuses mostly on poorly served customer segments across the small to medium-size enterprise and retail market of the island nation. Shawbrook's primary markets include property, business, and consumer finance. The company has grown since its founding through mostly acquisitions. Net operating income mostly derives from asset finance, commercial mortgages, and secured lending. Shawbrook emphasizes customer service, and reputation. | $4 | -- | $2B | $3B | 3.2x | - | ||
| Nationwide Building Society is engaged in providing financial services. Its products include current accounts, savings accounts, loans, credit cards, mortgages, investments, and insurance products. | $174 | 0% | $2B | $79B | 11.4x | - | ||
| Metro Bank Holdings PLC is a holding company. The firm through its subsidiary engages in deposit-taking and lending activities with a focus on retail and small and medium-sized commercial customers in the United Kingdom. It engages in offering bank accounts, saving accounts, borrowing services, insurance, and mortgage services for personal and business banking. | $2 | +33% | $2B | $3B | 3.5x | - | ||
| Close Brothers Group PLC is a banking group that provides lending, deposit-taking, and securities trading services. The group mostly offers services to small businesses and individuals in the United Kingdom. Its operating segments are: Commercial, Retail, and Property. Maximum revenue is generated from its Commercial segment, which mainly offers specialist and predominantly secured lending principally to the SME market. The Retail segment provides intermediated finance through motor dealers, motor finance brokers, and insurance brokers, and savings products for individuals and corporates; and the Property segment offers residential development finance to established UK property developers, funding for commercial properties, and bridging and refurbishment loans. | $6 | +23% | $915M | $4B | 3.7x | - | ||
| Vanquis Banking Group PLC is a specialist bank, focused on the mid-cost credit market. Along with its subsidiaries, it offers credit cards and loans as Vanquis, Vehicle Finance as Moneybarn, and through the brand Snoop, the group provides people with a free credit score and personalised insights to help them manage and understand their finances. All of the credit products are delivered online. In addition, it also accepts retail deposits to fund its lending operations. The group's operating segments are Credit Cards, Personal Loans, Second Charge Mortgages, and Vehicle Finance. A majority of its revenue is generated from the Credit Cards segment. | $1 | +7% | $359M | $855M | 1.4x | - | ||
| Secure Trust Bank PLC is an established, well-funded and capitalised UK retail bank. The Group's diversified lending portfolio currently focuses on two sectors: (1) Business finance through its Real Estate Finance and Commercial Finance divisions, and (ii) Consumer finance through its Vehicle Finance and Retail Finance divisions. The bank is authorized by the Prudential Regulation Authority and regulated by the Financial Conduct Authority and the Prudential Regulation Authority. | $17 | +59% | $324M | $2B | 9.1x | - | ||
| Arbuthnot Banking Group PLC is a United Kingdom-based company that provides banking and financial services. Its business segments are Banking, Wealth Management, RAF, ACABL, AAG, All Other Divisions, and Group centre. It Group’s revenues are derived from a combination of net interest income from lending, deposit-taking, and treasury activities, fees for services provided, and commission earned on the sale of financial products. | $11 | -12% | $181M | $312M | 1.0x | - | ||
| Median | $10 | +31% | $4B | $7B | 3.6x | - |
Financial data powered by FactSet and Morningstar. Valuation multiples as of current fiscal year. For more data, start your free trial here.
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