HSBC is the largest bank in Europe in terms of assets, according to the latest list of 50 largest European banks published by .
Here is the full list of the top European banks, ranked by total 2023 assets.
1. HSBC (UK) – €2.641 trillion
2. BNP Paribas (France) – €2.594 trillion
3. Crédit Agricole Group (France) – €2.476 trillion
4. Banco Santander (Spain) – €1.797 trillion
5. Barclays (UK) – €1.712 trillion
6. Société Générale (France) – €1.554 trillion
7. UBS Group (Switzerland) – €1.554 trillion
8. Groupe BPCE (France) – €1.544 trillion
9. Deutsche Bank (Germany) – €1.312 trillion
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10. Crédit Mutuel Group (France) – €1.143 trillion
11. Lloyds Banking Group (UK) – €1.016 trillion
12. ING Groep (Netherlands) – €975.58 billion
13. Intesa Sanpaolo (Italy) – €963.13 billion
14. NatWest Group (UK) – €815.75 billion
15. UniCredit (Italy) – €789.74 billion
16. Banco Bilbao Vizcaya Argentaria (Spain) – €747.29 billion
17. Standard Chartered (UK) – €744.45 billion
18. La Banque Postale (France) – €733.18 billion
19. DZ Bank (Germany) – €644.59 billion
20. Rabobank (Netherlands) – €621.85 billion
21. CaixaBank (Spain) – €607.17 billion
22. Nordea Bank (Finland) – €599.63 billion
23. Sberbank of Russia (Russia) – €526.47 billion
24. Commerzbank (Germany) – €494.22 billion
25. Danske Bank (Denmark) – €487.90 billion
26. Nationwide Building Society (UK) – €442.08 billion
27. ABN Amro Bank (Netherlands) – €414.98 billion
28. KBC Group (Belgium) – €405.65 billion
29. Erste Group Bank (Austria) – €308.55 billion
30. Landesbank Baden-Württemberg (Germany) – €294.82 billion
31. Skandinaviska Enskilda Banken (Sweden) – €274.19 billion
32. Raiffeisen Gruppe (Switzerland) – €269.26 billion
33. Svenska Handelsbanken (Sweden) – €264.08 billion
34. DNB Bank (Norway) – €261.95 billion
35. VTB Bank (Russia) – €258.96 billion
36. Bayerische Landesbank (Germany) – €257.40 billion
37. Swedbank (Sweden) – €256.86 billion
38. Banco de Sabadell (Spain) – €246.80 billion
39. Nykredit (Denmark) – €245.07 billion
40. Zürcher Kantonalbank (Switzerland) – €242.16 billion
41. Banco BPM (Italy) – €241.14 billion
42. Raiffeisen Bank International (Austria) – €227.84 billion
43. Belfius Bank (Belgium) – €209.20 billion
44. OP Financial Group (Finland) – €200.37 billion
45. Bank of Ireland Group (Ireland) – €160.19 billion
46. BPER Banca (Italy) – €146.16 billion
47. AIB Group (Ireland) – €136.32 billion
48. Türkiye Cumhuriyeti Ziraat Bankası (Turkey) – €135.17 billion
49. Banca Monte dei Paschi di Siena (Italy) – €122.61 billion
50. PKO Bank (Poland) – €115.41 billion
2024 trends affecting European banks
Here are some recent trends covered in ĢAV reports.

- Competition from Neobanks and Fintechs: European banks see neobanks as their biggest competitors. To counter this, many traditional banks are investing in fintech startups and building their own digital banks. A survey by research firm Economist Impact commissioned by Temenos found that 36% of European banks are creating their own greenfield digital banks or fintech companies, and 43% are allocating funds to these ventures.
- Investment in Fintech: European banks are investing in fintechs to enhance their operations and services. Barclays focuses on wealth tech, Santander on lending tech and liquidity management, ABN Amro on reg tech and banking tech, and ING Bank on lending and AI.
- Digital Transformation: Traditional banks are striving to emulate neobanks’ digital experiences to attract younger consumers. However, they face challenges due to legacy systems, requiring significant investments to establish seamless digital banking experiences.
- Mixed Success of Digital Subsidiaries: Some digital-only subsidiaries of traditional European banks have had mixed results. While Openbank by Banco Santander and Hello Bank by BNP Paribas have gained a substantial customer base, others have struggled with technical issues and usability problems.
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