UK Commercial Banking and Finance Market Report 2022
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The UK Commercial Banking and Finance report identifies consumer attitudes towards the impact of COVID-19 and Brexit on commercial banking in the UK. This market report covers the market size, market forecast, market segmentation and industry trends for the Commercial Banking and Finance market in the UK.
Deposits from NFCs have risen across all sectors over the past two years due to the impact of the pandemic, with businesses looking to keep cash in reserve to help them survive and recover in the current business climate.
The increase in deposits reflects higher demand for liquid assets, as the pandemic has put pressure on many businesses’ cashflows. To increase cash deposits and improve their liquidity position, private non-financial corporations (PNFCs) have raised funds through bond issuance.
Many companies had to borrow to maintain their finances during the COVID-19 outbreak and the provision of state-backed debt through commercial lenders has been at the core of government measures to support the economy. However, there are fears that many SMEs have taken on debt they will struggle to repay, inflicting loan losses on banks.
For this reason, deposits will remain high over the next couple of years as many business owners will choose to hold back on investments, keeping a greater proportion of their business’ income in current and savings accounts to provide a financial buffer.
Read on to discover more details or take a look at all of our UK Financial Services market research
Brands: Santander (Abbey National Treasury Services, Cater Callen, Alliance & Leicester), Lloyds Banking Group (Bank of Scotland, Lloyds TSB, AMB Bank, Scottish Widows Bank), HSBC (Marks & Spencer Financial Services), Barclays, Virgin Money, The Royal Bank of Scotland (Adam and Company, Coutts & Co, National Westminster Bank, Ulster Bank), JPMorgan, Starling Bank, Aldermore Bank, Cooperative Bank.
This report, written by Utku Tansel, a leading analyst in the Retail sector, delivers in-depth commentary and analysis to highlight current trends and add expert context to the numbers.
The financial effects and business disruption of the pandemic have undoubtedly challenged businesses and will continue to scar some for quite some time. While this will lead to increased due diligence, risk aversion and a slowdown in certain types of banking services, it will also encourage business and lender innovation and creativity alike.
Lewis Cone
Senior B2B Analyst
Mintel provides a range of market information, frequently through the category level, including market size and forecasting, complete with market drivers that illustrate the forces that shape a category or market.
Mintel’s proprietary consumer research provides our analysts with the attitudinal and behavioral data used to provide valuable insight to topical issues.
Mintel provides overviews of the top brands and manufacturers, and uses consumer research to explore attitudes and reactions to brands, as well as insight into what will resonate with consumers.
Market reports provide appendices of data to support the research and insight produced. Our databooks* are easily manipulated and downloadable to support your research needs and covers factors from consumer attitudes to market forecasts.
*databooks not available with UK B2B Industry reports.
Please Note: This is a sample report. All of the figures, graphs, and tables have been redacted. Our reports are available to download in PDF and PPT formats.