Date: 28 May 2021
Disclosure: Prior to 1 April 2013 applications to become a bank were processed by the Financial Services Authority (‘FSA’). The information provided below is for the Prudential Regulation Authority’s (‘PRA’s’) financial years to end-February. The data for 2021 is from 1 March to 7 April.
Please note that not all applications received are concluded in the same financial year. You should also be aware that when the PRA came into existence in 2013 there were a number of applications that had been received by the FSA prior to 1 April 2013 where a decision was reached post 1 April 2013. These decisions are incorporated in the data provided below.
|
All banks |
1/4/13 to 28/2/14 |
1/3/14 to 28/2/15 |
1/3/15 to 29/2/16 |
1/3/16 to 28/2/17 |
1/3/17 to 28/2/18 |
1/3/18 to 28/2/19 |
1/3/19 to 29/2/20 |
1/3/20 to 28/2/21 |
1/3/21 to 7/4/21 |
|
Applications |
6 |
6 |
8 |
12 |
9 |
13 |
12 |
14 |
0 |
|
Rejected/ Refused |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
|
Approved |
5 |
5 |
5 |
8 |
13 |
4 |
9 |
5 |
0 |
|
Withdrawn |
3 |
1 |
1 |
0 |
1 |
2 |
4 |
9 |
0 |
The data in the table above contains revised data from that previously published on 5 February 2021, 3 December 2019, 6 June 2019 and 7 November 2016.
The tables below provide a breakdown of the number of applications for a banking licence broken down by whether they were from a UK registered organisation or a non-UK registered organisation.
UK banks
|
1/4/13 to 28/2/14 |
1/3/14 to 28/2/15 |
1/3/15 to 29/2/16 |
1/3/16 to 28/2/17 |
1/3/17 to 28/2/18 |
1/3/18 to 28/2/19 |
1/3/19 to 29/2/20 |
1/3/20 to 28/2/21 |
1/3/21 to 7/4/21 |
|
|
Applications |
4 |
3 |
6 |
9 |
5 |
6 |
12 |
12 |
0 |
|
Rejected/ Refused |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
|
Approved |
1 |
2 |
3 |
7 |
7 |
1 |
4 |
5 |
0 |
|
Withdrawn |
1 |
1 |
1 |
0 |
1 |
2 |
4 |
8 |
0 |
International banks (the figures do not include former EEA passporting branches that are currently in the Temporary Permissions Regime)
|
1/4/13 to 28/2/14 |
1/3/14 to 28/2/15 |
1/3/15 to 29/2/16 |
1/3/16 to 28/2/17 |
1/3/17 to 28/2/18 |
1/3/18 to 28/2/19 |
1/3/19 to 29/2/20 |
1/3/20 to 28/2/21 |
1/3/21 to 7/4/21 |
|
|
Applications |
2 |
3 |
2 |
3 |
4 |
7 |
0 |
2 |
0 |
|
Rejected/ Refused |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
0 |
|
Approved |
4 |
3 |
2 |
1 |
6 |
3 |
5 |
0 |
0 |
|
Withdrawn |
2 |
0 |
0 |
0 |
0 |
0 |
0 |
1 |
0 |