Total assets of the largest banks in the UK 2012-2023

HSBC Holdings remained in the leading position as the largest bank in the United Kingdom during the whole period between 2012 and 2023, despite a slight bounce back in recent years. The total assets of HSBC amounted to approximately 2.39 trillion British pounds in 2023. This seems like a slight decrease compared to the previous year, but that is due to the exchange rate between U.S. dollars and British pounds. Looking at the figures in the original reporting currency (which is U.S. dollars), the total assets of HSBC increased from 2.95 trillion U.S. dollars to 3.04 trillion U.S. dollars. HSBC was also among the top ten largest banks worldwide, in terms of total assets.

Which is the largest bank in Europe?

Based on the high value of its total assets, HSBC positioned for many years as the largest bank in Europe. In 2022, HSBC was followed by two French banks, BNP Paribas and Crédit Agricole, whose total assets amounted to 2.85 and 2.54 trillion U.S. dollars, respectively.

Market capitalization

Rankings of banks can be constructed using a multitude of indicators. Frequently employed to determine the size of a bank is market capitalization, or the total dollar market value of a company's or bank's outstanding shares. It is calculated from the current market price of one share and the number of shares outstanding for a company. In 2022, the leading bank in Europe based on market capitalization was HSBC.