The 50 largest banks of Europe by assets

19 May 2020 Consultancy.eu

What are the largest banks of Europe? Analysis of the assets of European banks shows that UK’s HSBC is the continent’s largest bank, followed by French banks BNP Paribas and Crédit Agricole.

Combined, Europe’s 50 largest banks have an asset base of over €30,000 billion, or over €30 trillion. The largest number of large European banks are not surprisingly based in Europe’s powerhouse economies –
the United Kingdom, France and Germany.

According to data sourced from S&P Global Market Intelligence, HSBC retained its place as Europe's largest bank by assets for the seventh consecutive year. But on the global stage, HSBC is the seventh largest bank, trailing US bank JPMorgan Chase, Japanese bank Mitsubishi UFJ Financial Group and four players from China: Bank of China, Agricultural Bank of China, China Construction Bank, and the globe’s largest bank in terms of assets – Industrial and Commercial Bank of China.

In Europe, Germany’s Deutsche Bank, which saw merger talks with Commerzbank collapse last year in a deal which could have significantly bolstered its asset base, and Spain’s Banco Santander follow behind the French duo of BNP Paribas and Crédit Agricole to round off the top five of Europe’s largest banks.

1. HSBC
Country: United Kingdom
Total assets: €2,100 billion

2. BNP Paribas
Country: France
Total assets: €1,963 billion

3. Crédit Agricole
Country: France
Total assets: €1,763 billion

4. Deutsche Bank
Country: Germany
Total assets: €1,470 billion

5. Banco Santander
Country: Spain
Total assets: €1,446 billion

6. Barclays
Country: United Kingdom
Total assets: € 1,275 billion

7. Société Générale
Country: France
Total assets: €1,275 billion

8. Groupe BPCE
Country: France
Total assets: €1,259 billion

9. Lloyds Banking Group
Country: United Kingdom
Total assets: €914 billion

10. ING Groep
Country: Netherlands
Total assets: €846 billion

11. UniCredit
Country: Italy
Total assets: €836 billion

12. Royal Bank of Scotland
Country: United Kingdom
Total assets: €830 billion

13. Intesa Sanpaolo
Country: Italy
Total assets: €801 billion

14. Crédit Mutuel Group
Country: France
Total assets: €793 billion

15. UBS Group
Country: Switzerland
Total assets: €782 billion

16. Credit Suisse
Country: Switzerland
Total assets: €680 billion

17. Banco Bilbao
Country: Spain
Total assets: €671 billion

18. Rabobank
Country: Netherlands
Total assets: €602 billion

19. Nordea Bank
Country: Sweden
Total assets: €581 billion

20. Standard Chartered
Country: United Kingdom
Total assets: € 552 billion

21. DZ Bank
Country: Germany
Total assets: €505 billion

22. Danske Bank
Country: Denmark
Total assets: €475 billion

23. Commerzbank AG
Country: Germany
Total assets: €452 billion

24. Cassa depositi e prestiti
Country: Italy
Total assets: €419 billion

25. PAO Sberbank of Russia
Country: Russia
Total assets: €392 billion

26. ABN AMRO
Country: Netherlands
Total assets: €390 billion

27. CaixaBank
Country: Spain
Total assets: €383 billion

28. KBC Group
Country: Belgium
Total assets: €292 billion

29. Svenska Handelsbanken
Country: Sweden
Total assets: €281 billion

30. DNA ASA
Country: Norway
Total assets: €274 billion

31. Nationwide Building Society
Country: United Kingdom
Total assets: € 262 billion

32. Skandinaviska Enskilda Banken
Country: Sweden
Total assets: €260 billion

33. Landesbank Baden-Württemberg
Country: Germany
Total assets: €238 billion

34. La Banque Postale
Country: France
Total assets: €231 billion

35. Swedbank
Country: Sweden
Total assets: €225 billion

36. Banco de Sabadell
Country: Spain
Total assets: €221 billion

37. BFA Sociedad Tenedora de Acciones
Country: Spain
Total assets: €221 billion

38. Erste Group Bank
Country: Austria
Total assets: €220 billion

39. Bayerische Landesbank
Country: Germany
Total assets: €214 billion

40. Raiffessen Gruppe Switzerland
Country: Switzerland
Total assets: €194 billion

41. Nykredit
Country: Denmark
Total assets: €191 billion

42. JSCVTB Bank
Country: Russia
Total assets: €188 billion

43. Dexia
Country: Belgium
Total assets: €178 billion

44. Belfius Banque
Country: Belgium
Total assets: €167 billion

45. Norddeutsche Landesbank Girozentrale
Country: Germany
Total assets: €165 billion

46. Banco BPM
Country: Italy
Total assets: €161 billion

47. Landesbank Hessen-Thüringen Girozentrale
Country: Germany
Total assets: €158 billion

48. Zürcher Kantonalbank
Country: Switzerland
Total assets: €140 billion

49. Banca Monte dei Paschi di Siena
Country: Italy
Total assets: €139 billion

50. OP Financial Group
Country: Finland
Total assets: €137 billion