Beyond the functions, characteristics and objectives of commercial banks , there is the undeniable success of some institutions. For this reason, below we will tell you which are the best British and largest banks in the world in the United Kingdom , a power that is very present in the world of global finance.
The best British banks and the largest in the world
Although years ago the United Kingdom had a large number of banks in the first places in the world, this has been changing. As of today, the most important banks are of Chinese origin , and countries such as Japan and the United States are also in good positions.
Many debate the advantages and disadvantages of an American Express credit card , belonging to the American industry, but currently the top five banks in the world are of Asian origin.
Standing in the first position, we have the Industrial and Commercial Bank of China . In any case, the English bank HSBC still remains in the top 10 of the most important banks in the world. In any case, below, we will tell you about the most relevant banks in the United Kingdom.
The most important banks in the United Kingdom
Next, we present the most important banks in the United Kingdom, on the other hand, if you plan to open an account, it is necessary that you know how to fill out a bank credit application form and other similar actions. Without further ado, let’s meet the most relevant banks in England.
HSBC
HSBC is one of the most important banks in the world, in fact, at the date of publication of this article, it is ranked number 7. The bank was founded in 1865 in Hong Kong , which was a colony at that time. of the British Empire.
Although there are many controversies in relation to this bank, certainly its position as one of the most relevant banks on the planet makes it a valid option for anyone who wishes to mobilize their money in the United Kingdom or any of the nations in which it operates. .
Barclays
Barclays is one of the oldest banks in the UK, in fact it is the second oldest bank in England and the sixth in the world. It has been providing financial services since 1690. Founded in London, today it operates in many nations around the world.
In addition, Barclays is one of the banks of English origin that has had the greatest impact in Hispanic nations, such is the case of Spain. Barclays began operations in Spain in 1976, although it was finally acquired by CaixaBank in 2015.
Barclays has shown exceptional credibility, in fact, it is ranked number 20 of the largest banks in the world . This gives a hint of what to expect when using this financial resource.
Lloyds Bank
Lloyds Bank is another bank of great antiquity of British origin, it was founded in 1765 in the city of London. Its creator, John Taylor, worked as a button manufacturer and little by little he got involved in the finance business, until he created one of the most important banks in his country and later in the world.
Lloyds Bank is positioned in the 24th place of the most relevant banks on the planet, this is due to its great expansion in various nations of the world. Behind Lloyds Bank there is an extensive history in which we find controversies, sales, purchases, acquisitions of other banks, etc. In any case, it is undeniably a very reputable UK bank.
Royal Bank of Scotland
The Royal Bank of Scotland or Royal Bank of Scotland was founded in 1727 and its owner is the very government of the United Kingdom . This huge bank is positioned as one of the most relevant on the planet, placing 36 of the world’s largest banks in opposition.
The Royal Bank of Scotland has approximately 700 branches, which are located in England, Wales and Scotland, although it mainly works in Scotland.
As you can see, it is a very interesting list of the most relevant English banks. If you are thinking of opening an account or requesting a loan, they are all suitable, but you should know what the requirements are to request a bank loan
