Number of new bank applications from 1 April 2013 to 31 July 2018

We publish details of a selection of requests made under the Freedom of Information Act 2000, and the information we disclose in response.

Date: 22 October 2018

Disclosure:

The number of applications to become a new bank for the period 1 April 2013 to 29 February 2016 are available here.

The table below provides the number of applications from firms wishing to set up as new banks, but not those relating to firms that already hold authorisations to operate as banks, for the Bank of England’s financial years 2016/2017 and 2017/2018, figures are also provided for the period from 1 March to 31 July 2018.

Year Number of applications 
01/03/2016 - 28/02/2017  13
01/03/2017 - 28/02/2018 10
01/03/2018 - 31/07/2018 8

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