HSBC takes the top spot for the third year running, outperforming its high street rivals, with profits for the first nine months of the year at $14.4bn, despite the economic turmoil. A decision on leaving London has been put off for another year. Emerging markets specialist Standard Chartered is well placed to dodge the eurozone crisis and is sticking to its forecast of 10% revenue and profits growth. In third comes the bank formerly known as Abbey, Santander UK, which raised £17bn of new medium-term funding in the first half of the year, despite taking a £400m hit on payment protection insurance costs. Nationwide’s profit of £276m was up 30% on last year’s figure, despite income dropping from £2.9bn to £1.9bn.
BMAC 2011 by sector: Banking
|Lloyds Banking Group||5.8||9||5.2||9||5.3||10||5.5||7|
|Nationwide Building Society||6.6||4||6.2||4||6.2||4||5.9||5|
|Royal Bank of Scotland||6.1||6||5.2||9||5.8||7||5.1||8|
|Yorkshire Building Society||5.4||10||5.3||8||5.6||9||4.9||9|