Changes of ownership

The latest edition of Bank League Tables (2014/15) is now out.

There have been two recent changes of ownership:

1. Sainsbury's Bank Plc is now owned 100% by J Sainsbury Plc after it bought Lloyds Banking Group's 50% share.

2. Qatar Islamic Bank now owns 100% of QIB (UK) Plc. Previously it was a majority shareholder.

Bank of Communications (UK) Ltd shows 6735% growth!

Occasionally statistics throw up an oddity. In its second year in the UK, Bank of Communications (UK) Ltd, a subsidiary of the Chinese-based Bank of Communications Co, Limited, has shown an asset growth of 6735.36%, putting it top of that particular table. This is due to it being a start-up situation where the issued share capital has increased from £162 to £100,000,000.

There are, however, nine other banks that show an asset growth of over 100%. These are (2) Goldman Sachs International Bank, (3) Shawbrook Bank Ltd, (4) Gatehouse Bank Plc, (5) State Street Bank Europe Ltd, (6) G E Capital Bank Ltd, (7) Talos Securities Ltd, (8) QIB (UK) Plc, (9) Aldermore Bank Bank Plc and (10) Metro Bank Plc.