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A new landscape: Challenger banking annual results

A new landscape: Challenger banking annual results

Challenger banks are once again outperforming the Big Five incumbents on growth, cost-to-income and return on equity. As they march to stronger profits, the big banks are stumbling on remediation costs and legacy issues.


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A new landscape analyses the financial results of the Challenger banks, in relation to the Big Five UK retail banks: Barclays, HSBC, Lloyds Banking Group, Royal Bank of Scotland and Santander. It pinpoints new market players and delves into the key trends underpinning this exciting and fast-evolving sector’s success.  

New additions to this year’s report include:

  • An overview of Digitally Focused Challengers, the newest breed of Challenger.
  • Exclusive interviews with Atom, Starling and Fidor Bank, each of whom reveals how they aim to give customers the best banking products and services.
  • An assessment of recent regulatory and tax changes to the buy-to-let market and the potential impact this will have on Challengers’ profitability going forwards.
  • Analysis of thousands of data points on the savings rates offered by Challengers and the Big Five. 

Read the report 


A new landscape - challenger banking report highlights

For further information please contact: 

Warren Mead

Global Co-Lead Fintech



Richard Iferenta

Head of Challenger Banking



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