Total assets of the banking industry in Germany 2003-2024

Germany's banking industry assets reached a record high of **** trillion euros in 2024, continuing an upward trend from previous years. This significant increase reflects the resilience and growth of the German financial sector, despite ongoing global economic challenges and the declining number of banks in the country. The rise in total assets underscores Germany's position as a major player in the European banking landscape, with its largest bank, Deutsche Bank, ranking among the continent's leading financial institutions.

European banking landscape

While German banks have shown robust asset growth, they face stiff competition from other European financial powerhouses. HSBC Holdings, for instance, led European banks with nearly ***** trillion U.S. dollars in total assets by the end of 2024. The UK-based bank also topped the list in terms of market capitalization, valued at over *** billion U.S. dollars. This demonstrates that while German banks are growing, they still compete in a diverse and dynamic European banking environment.

Composition of German banking assets

A closer look at the composition of German banking assets reveals that loans and advances constitute the largest portion, accounting for ** percent of total assets as of December 2024. Debt securities and cash balances follow, representing **** percent and ** percent of total assets, respectively. This breakdown provides insight into how German banks allocate their resources and manage their portfolios, reflecting a strong emphasis on traditional banking activities such as lending.