Jump to ContentJump to Main Navigation
British Multinational Banking, 1830-1990$

Geoffrey Jones

Print publication date: 1995

Print ISBN-13: 9780198206026

Published to Oxford Scholarship Online: October 2011

DOI: 10.1093/acprof:oso/9780198206026.001.0001

Show Summary Details
Page of

PRINTED FROM OXFORD SCHOLARSHIP ONLINE (www.oxfordscholarship.com). (c) Copyright Oxford University Press, 2017. All Rights Reserved. Under the terms of the licence agreement, an individual user may print out a PDF of a single chapter of a monograph in OSO for personal use (for details see http://www.oxfordscholarship.com/page/privacy-policy). Subscriber: null; date: 25 February 2017

(p.416) Appendix 4 Geographical Distribution of Total Assets of British Multinational Banks, 1860–1990

(p.416) Appendix 4 Geographical Distribution of Total Assets of British Multinational Banks, 1860–1990

Source:
British Multinational Banking, 1830-1990
Publisher:
Oxford University Press

4.1. 1860–1970

Banks did not break down the geographical distribution of their assets in this period, and such data cannot be readily reconstructed from even unpublished data. This table has been compiled by the simple expedient of allotting a bank to a single region (or several regions) and regarding its total assets as allocated to that region. In practice, a proportion of each bank's assets would have been in the United Kingdom. This method probably provides a satisfactory proxy for asset distribution by region before the First World War, given the geographical specialization of the banks, but is not meant to give firm estimates of the absolute level of assets held in each region. Thereafter, the growth of multi‐regional banks diminishes the reliability of the data. The assets of multi‐regional banks have been allocated to different regions in accordance with the number of their branches and with a subjective assessment of the importance of different regions to the overall business of each bank.

Table A4.1. Geographical distribution of total assets of British multinational banks, 1860–1970 (%)

Region

1860

1890

1913

1928

1938

1955

1970

Australasia

35

27

21

20

22

20

16

North America

5

6

4

Rest of Americas

5

23

29

20

12

7

9

Southern Africa

7

10

15

22

29

25

Rest of Africa

2

5

6

12

7

Middle East/North Africa

4

2

6

8

6

4

3

Asia

51

34

27

25

27

25

27

Europe (except UK)

1

1

7

5

3

13

TOTAL ASSETS (£m.)

45

236

366

803

767

2,567

12,007

No. of banks

15a

33

29b

26c

23d

18e

9

(a) Excludes Ionian Bank.

(b) Excludes London County and Westminster Bank (Paris) and Grindlay and Company.

(c) Excludes Barclays Bank SAI and Lloyds Bank Eastern department.

(d) Excludes Barclays Bank SAI and Lloyds Bank Eastern department.

(e) Excludes Lloyds Bank Eastern department.

(p.417) 4.2. 1990

The following table is compiled from the Annual Report and Accounts for the banks supplemented by their Annual Report on Form 20‐F to the Securities and Exchange Commission, in both cases for 1990. Unfortunately, the banks do not break down their assets by identical geographical regions, and the following table needs to be read in conjunction with the notes. The statistics for Barclays, National Westminster, and Midland are broadly compatible, but those for the other banks are not. Note in particular Standard Chartered and Hongkong Bank's inclusion of the United Kingdom within ‘Europe’.

Table A4.2. Geographical distribution of total assets of British multinational banks, 1990

Bank

Total assets (£m.)

Foreign assets

Total £m.

%

UK‐base £m.

%

US £m.

%

Other Europe £m.

%

Rest of the world £m.

%

Barclays PLCa

134,887

49,214

36

9,061

7

15,620

12

15,310

11

9,061

7

Nat West PLCb

121,000

53,065

44

19,102

16

15,785

13

n.a.

18,178

15

Midland PLC

59,636

23,554

39

13,188

22

1,843

3

7,100

12

1,423

2

Lloyds PLCc

55,202

9,936

18

n.a.

n.a.

2,760

5

7,176

13

Standard Chartered

PLCd

22,141

n.a.

n.a.

1,039

5

8,036

38

12,245

37

Hongkong Banke

77,372

n.a.

n.a.

20,349

26

15,629

20

41,394

54

Notes: n.a. = not available.

(a) The Barclays data for ‘other Europe’ is for the EC (excluding UK) only.

(b) National Westminster provides an asset breakdown by UK, US, and rest of the world only. No other country has more than 10 per cent of total assets.

(c) Lloyds does not break down domestic UK assets from UK‐based foreign assets. As a result, the 18 per cent figure for foreign assets is not compatible with those of Barclays, Nat West, and Midland.

(d) Standard Chartered does not separate the UK from the rest of Europe, and the figure of £8,036 m. is for both. The £1,03 9m. allocated to the United States is for North America as a whole. The bank had £10,031m. (47%) in Asia‐Pacific, £1,052m. (5%) in Africa, £930m. (4%) in Middle East/South Asia, and £232m. (1%) in Australia.

(e) Hongkong Bank does not separate UK from the rest of Europe, and the figure of £ 15,629m. is for both. The £20,349m. for the United States is for the Americas. In addition, Hongkong Bank had £39,305m. (51%) in Asia‐Pacific and £2,089m. (3%) in the Middle East. During the 1992 takeover of Midland Bank the Hongkong Bank revealed further details of its asset distribution in 1990. It had 39.5% in Hong Kong, 11.3% in the rest of Asia‐Pacific, 26.3% in the Americas, 20.2% in the UK, 0% in Continental Europe, and 2.7% in Middle East/India.