UK Finance: Who Makes The Money? Part Two

 


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As a continuation of the earlier article into the movers and shakers of the UK banking sector, we hereby list the financial details of more of the UK’s largest financial institutions.

Name : HBOS

Value Of Group : £42.02 billion

Profits in 2005 : £3.23 billion

HBOS is a merger of the old Halifax Building Society and Bank of Scotland, which was a particularly good fit with few areas of overlap. The group now has a good mixture of the financial power of Halifax and the cost control expertise of Bank of Scotland. As both were predominately UK based, there are plans for substantial overseas investment in the future.

Click here for the up to date share price and financial information.

Name : Lloyds Bank

Value Of Group : £33.4 billion

Profits in 2005 : £2.493 billion

Lloyds Bank is in a similar situation to Barclays Bank, in that it seems to have trouble keeping up with the newer entrants to the market. Again, the Bank also suffered from the historic third world debt situation, and was forced to write off billions in irrecoverable loans. While still a powerhouse in the UK, the group has also been mentioned as a possible bid target - but whether anything materialises is another question.

Click here for the up to date share price and financial information.

Name : Standard Chartered

Value Of Group : £20.4 billion

Profits in 2005 : £1.946 billion

Historically strong in the Far East, Standard Chartered is still a major presence in that area of the world - although there is a wider spread to the business these days. The group has been surrounded by takeover speculation for the last 20 years, with a number of shareholders retaining substantial stakes. Its seems inevitable that the group will go at some stage.

Click here for the up to date share price and financial information.

Name : Alliance & Leicester

Value Of Group : £4.91 billion

Profits in 2005 : £389 million

While one of the smaller UK offerings on the banking scene, Alliance and Leicester has built itself a strong niche market, with particular expertise in the area of mortgages. Born from the old Alliance and Leicester building society, the group have moved ahead since flotation on the stockmarket. While not quite into the big league as yet, there are high hopes for future growth.

Click here for the up to date share price and financial information.

The UK has one of the most developed banking sectors of the world, and a number of groups with large financial muscle. Recently there have signs of unhappiness amongst the UK consumer as the banks see their profits grow and grow. While they have been riding on the crest of a wave of late, there are signs that the economy is slowing, and this is normally an indication that the banks are in for a rocky time.

UK Finance - Part 1
UK Finance - Part 2
Loans UK

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