* According to the source:
"Smaller challengers have typically been incorporated in the past five years. Four of them are now listed banks. They include: Shawbrook, Aldermore, Handelsbanken, Metro, STB and Onesavings."
"Larger challengers are longer established. Two of them are new but have inherited large portfolios of loans and advances to customers. They include Virgin, First Direct, Williams and Glyn, Nationwide, TSB and NAB."
The Big Five include HSBC, Barclays, Lloyds, RBS and Santander.
Large retailers inclue M&S, Asda Money, Tesco and Sainsbury's.
Citation formats
Challenger banks vs big five banks: average branch numbers in the UK 2014
This statistic displays the average number of branches for the major UK banks, challenger banks as well as large retailers offering financial services in the United Kingdom (UK) as of 2014. In that year, big banks had on average approximately *** thousand branches throughout the country, whereas smaller challenger banks opened nearly ** branches on average.
Profit from the additional features of your individual account
Currently, you are using a shared account. To use individual functions (e.g., mark statistics as favourites, set
statistic alerts) please log in with your personal account.
If you are an admin, please authenticate by logging in again.
Learn more about how ÌÇÐÄÆƽâ°æ can support your business.
KPMG. (May 4, 2015). Average number of branches for big five banks, challenger banks and large retailers in the United Kingdom as of 2014 [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved July 22, 2026, from /statistics/462968/large-challenger-banks-branches-number-uk/
KPMG. "Average number of branches for big five banks, challenger banks and large retailers in the United Kingdom as of 2014 ." Chart. May 4, 2015. ÌÇÐÄÆƽâ°æ. Accessed July 22, 2026. /statistics/462968/large-challenger-banks-branches-number-uk/
KPMG. (2015). Average number of branches for big five banks, challenger banks and large retailers in the United Kingdom as of 2014 . ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: July 22, 2026. /statistics/462968/large-challenger-banks-branches-number-uk/
KPMG. "Average Number of Branches for Big Five Banks, Challenger Banks and Large Retailers in The United Kingdom as of 2014 ." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 4 May 2015, /statistics/462968/large-challenger-banks-branches-number-uk/
KPMG, Average number of branches for big five banks, challenger banks and large retailers in the United Kingdom as of 2014 ÌÇÐÄÆƽâ°æ, /statistics/462968/large-challenger-banks-branches-number-uk/ (last visited July 22, 2026)
Average number of branches for big five banks, challenger banks and large retailers in the United Kingdom as of 2014 [Graph], KPMG, May 4, 2015. [Online]. Available: /statistics/462968/large-challenger-banks-branches-number-uk/
