Barclays is one of the largest banks in the UK, and is a leading provider of all the main banking products. Mortgages are a particular strength for the bank - it has won a number of awards for its product range and has an NPS score three times higher than the market average. Barclays customers are heavy users of mobile banking - a quarter use this channel on a daily basis, significantly more than the national average.  

Key Highlights:

• Barclays saw a high outflow of current account customers in Q3 2017 relative to other providers, although its Net Promoter Score (NPS) has improved to match the market average. Online onboarding rates continue to lag behind the rest of the market.
  
• Mortgage balances outstanding at Barclays have risen throughout the entire analysis period, although the rate of growth has slowed down. Applicants conduct more extensive research than average, and the bank outperforms on NPS. Barclays won several awards for its mortgage products in 2016.
  
• Barclays has consistently held just under 5% of the loans market in terms of outstanding balances. Online and in-branch application are equally popular among Barclays’ borrowers, and debt consolidation and car purchase account for more than half of all loans taken out.
  

Reasons to Buy:

• Gain insight into how Barclays acquires new customers in comparison to other providers.
  
• Build your understanding of how favourably Barclays' customers view their bank and how likely they are to switch.
  
• Understand how well Barclays is performing financially compared to the market.