Largest banks in the Nordic countries 2023, by total assets
In 2023, Nordea Bank Abp and Danske Bank A/S were the two largest banks in the Nordic countries in terms of total assets. That year, Nordea Bank Abp led the ranking with total assets worth 584.7 billion euros, roughly 80 billion euros more than Danske Bank. Nordea Bank maintained its leading position despite a drop in its assets compared to the previous year. The Swedish bank Svenska Handelsbank followed from a distance, with total assets worth roughly 318 billion euros.
What are the largest banks in Europe?
In 2023, the European banking landscape was dominated by three financial giants, each boasting assets exceeding two trillion U.S. dollars. These leading institutions were HSBC Holdings, BNP Paribas, and Crédit Agricole Group. HSBC Holdings, headquartered in London, is known for its extensive international network and significant presence in Asia. BNP Paribas, based in Paris, stands out for its strong market position in both retail and investment banking across Europe. Crédit Agricole Group, also headquartered in France, is renowned for its comprehensive range of banking services and extensive cooperative banking network. These banks exemplify the scale and influence of Europe's largest financial institutions.
Where Nordic countries lead the way: online banking penetration
Nordic countries have established themselves as pioneers in the realm of online banking penetration, showcasing some of the highest adoption rates in Europe. Norway and Denmark lead this digital revolution, ranking first and second respectively in online banking usage. Finland and Sweden also feature prominently among the top countries in this domain, further solidifying the region's reputation for embracing digital financial services.
