As of May 2024, there were a total of 4,886 banks operating in the European Union. Across Europe, approximately 1.8 million individuals were employed by credit institutions, with some bank employees looking after more than two hundred customers each.
The German banking sector
In 2024, Germany had almost 1,000 more banks operating than any other European country, despite a steady downward trend for years. Germany has three main types of banks, which includes Commercial, savings (or Sparkassen) and Cooperative banks. The German banking industry had total assets worth more than 10.8 trillion euros in 2023.
What is the leading bank in Europe?
In 2023, HSBC was the largest bank in Europe, in terms of market capitalization. The British headquartered bank also led the European banking sector in terms of assets and tier one capital. The UK giant also ranked first in terms of revenue.
Number of banks in Europe as of May 2024, by country
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Statista. (July 3, 2024). Number of banks in Europe as of May 2024, by country [Graph]. In Statista. Retrieved July 22, 2024, from https://www.statista.com/statistics/940867/number-of-banks-in-europe-by-country/
Statista. "Number of banks in Europe as of May 2024, by country." Chart. July 3, 2024. Statista. Accessed July 22, 2024. https://www.statista.com/statistics/940867/number-of-banks-in-europe-by-country/
Statista. (2024). Number of banks in Europe as of May 2024, by country. Statista. Statista Inc.. Accessed: July 22, 2024. https://www.statista.com/statistics/940867/number-of-banks-in-europe-by-country/
Statista. "Number of Banks in Europe as of May 2024, by Country." Statista, Statista Inc., 3 Jul 2024, https://www.statista.com/statistics/940867/number-of-banks-in-europe-by-country/
Statista, Number of banks in Europe as of May 2024, by country Statista, https://www.statista.com/statistics/940867/number-of-banks-in-europe-by-country/ (last visited July 22, 2024)
Number of banks in Europe as of May 2024, by country [Graph], Statista, July 3, 2024. [Online]. Available: https://www.statista.com/statistics/940867/number-of-banks-in-europe-by-country/
