For large banks, the balance sheet total is still a crucial indicator of how well a bank is doing—particularly amid the ongoing pandemic and resulting financial crisis.

With last year’s edition of the 50 largest European banks published by S&P Global Market Intelligence, released in April 2022, we get a good indication of each bank’s volume in terms of lending (i.e. mortgages, business loans) and assets.

With its total assets amounting to €2,597 billion, HSBC comes out on top as the largest in Europe by asset, followed by BNP Paribas and Crédit Agricole.

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Here are the 50 Largest Banks in Europe (2022):

  1. HSBC Holdings PLC, UK – €2597.14 billion
  2. BNP Paribas SA, France – €2554.20 billion
  3. Crédit Agricole Group, France – €2,351.61 billion
  4. Barclays PLC, UK – €1,648.16 billion
  5. Banco Santander SA, Spain – €1,595.84 billion
  6. Groupe BPCE, France – €1516.02 billion
  7. Société Générale SA, France – €1,464.45 billion
  8. Deutsche Bank AG, Germany – €1,323.99 billion
  9. Intesa Sanpaolo SpA, Italy – €1,069.00 billion
  10. Lloyds Banking Group PLC, UK – €1,055.52 billion
  11. Crédit Mutuel Group, France – €1,021.33 billion
  12. UBS Group AG, Switzerland – €982.34 billion
  13. ING Groep NV, Netherlands – €951.29 billion
  14. NatWest Group PLC, UK – €931.06 billion
  15. UniCredit SpA, Italy – €916.67 billion
  16. La Banque Postale SA – France – €722.31 billion
  17. Credit Suisse Group AG, Switzerland – €729.04 billion
  18. Standard Chartered PLC, UK – €727.90 billion
  19. Banco Bilbao Vizcaya Argentaria SA, Spain – €719.45 billion
  20. CaixaBank SA, Spain – €680.04 billion
  21. Rabobank, Netherlands – €639.58 billion
  22. DZ Bank AG, Germany – €627.27 billion
  23. Nordea Bank AbP, Finland – €570.35 billion
  24. Danske Bank AS, Denmark – €529.35 billion
  25. Sberbank of Russia, Russia – €482.37 billion
  26. Commerzbank AG, Germany – €471.96 billion
  27. ABN AMRO Bank NV, Netherlands – €399.11 billion
  28. KBC Group NV, Belgium – €345.34 billion
  29. Nationwide Building Society, UK – €332.52 billion
  30. Svenska Handelsbanken AB, Sweden – €325.46 billion
  31. Skandinaviska Enskilda Banken AB, Sweden – €321.32 billion
  32. Erste Group Bank AG, Austria – €308.52 billion
  33. DNB Bank ASA, Norway – €301.57 billion
  34. Landesbank Baden-Württemberg, Germany – €282.34 billion
  35. Raiffelsen Gruppe Switzerland, Switzerland – €274.41 billion
  36. Swedbank Ab, Sweden – €267.48 billion
  37. Bayerische Landesbank, Germany – €266.55 billion
  38. Banco de Sabadell SA, Spain – €251.95 billion
  39. VTB Bank PJSC, Russia – €244.42 billion
  40. Nykredit AS, Denmark – €225.07 billion
  41. BFA Tenedora de Acciones SAU, Spain – €206.50 billion
  42. Banco BPM SpA, Italy – €200.49 billion
  43. Belfius Bank SA, Belgium – €192.15 billion
  44. Raiffelsen Bank International AG, Austria – €188.51 billion
  45. Zürcher Kantonalbank, Switzerland – €185.30 billion
  46. OP Financial Group, Finland – €174.11 billion
  47. BPER Banca SpA, Italy – €158.66 billion
  48. Bank of Ireland Group PLC, Ireland – €155.27 billion
  49. Banca Monte del Paschi di Siena SpA, Italy – €137.87 billion
  50. AIB Group PLC, Ireland – €127.88 billion