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UK building societies perform better than leading high street banks

Major UK banks fall down the performance table, while building societies improve their positions. Anita Hawser reports. 
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Yorkshire Building Society (YBS) continues its climb up the performance tables, clinching the top spot in this year’s overall best-performing banks ranking, after moving up one position into second spot last year. Leading high street banks, however, have slipped down the rankings.

Despite being ranked eighth in terms of Tier 1 capital in the Top 1000, which excludes foreign-owned subsidiaries, YBS has finished first overall amongst the 10 largest domestic UK banks and at the top of the table for growth and operational efficiency, while placing second for profitability, asset quality and soundness.

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Anita Hawser is the Europe editor at The Banker. For the past 20 years, Anita has worked as a freelance journalist for a range of banking, finance and tech titles covering topics such as cybersecurity, financial crime, cryptocurrencies, payments, trade and supply chain finance. Before joining The Banker, Anita was Europe editor at Global Finance.
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