The story of Lloyds Banking Group begins in 1765 and since then Lloyds Bank is serving the households, businesses and communities of Britain. In 2015 Lloyds banks completed 250 years of its valuable services to the people. The bank offers several banking and insurance solutions, and has an annual revenue of more than $20 billion.
In any business, there are several companies & brands which compete with each other by offering similar products & services.
For any company to thrive, it is not only important for them to improve their own products, but to also look at what their competitor is offering.
Below we look at the top 5 competitors of Lloyds Bank.
1. Standard Chartered:
Standard Chartered is British multinational banking and financial services company. It operates in more than 70 countries across the globe and majority of its profits come from Asia, Africa and The Middle East. It was founded in 1969 an is headquartered in London.
Royal Bank of Scotland (RBS) is one of the major banks based in United Kingdom with more than 700 branches in Scotland and provides major financial and banking services. The retail bank based in Edinburgh, Scotland, UK has been in service from 1727 and has been among top 50 banks in the world. The company has strong international presence with almost 80,000 employees all over the world.
UBS is a global financial company headquartered in Zurich, Switzerland. UBS offers several financial management services like retail banking, commercial banking, investment banking, wealth management etc. It was founded in the year 1862 and it has around 60,000 employees globally.
Barclays is a leading multinational bank listed on the London and New York stock exchange, which provides financial and banking assistance to clients in different countries. Barclays aims to help their customers by offering the kind of services and products that they expect and will result in fulfilment of their requirement. Barclays Bank is growing to be one of the largest financial service provider of the UK, with over 1500 branches spread to serve over 10 million customers across the globe.
The National Westminster Bank also called NatWest is one of the largest bank in United Kingdom. It is functional in commercial and retail sector and was established in 1968 by merger of National Provincial Bank and Westminster Bank. It has a strong presence across the UK and has several branches catering to customer needs.
To conclude, the above article highlights the various competitors which compete with Lloyds Bank. This understanding helps to evaluate the various external business factors for any company.
This article has been researched & authored by the Content & Research Team. It has been reviewed & published by the MBA Skool Team. The content on MBA Skool has been created for educational & academic purpose only.
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