Largest banks in Europe 2024, by assets

Total assets is one of the main measures of a bank's prosperity. It is defined as all assets owned by a bank. This includes, but is not limited to cash and balances, loans and advances to banks and customers, as well as debt securities. At the end of 2024, HSBC Holdings was the leading European bank in terms of total assets, with close to ***** trillion U.S. dollars. In 2024, HSBC was also among the largest banks globally in terms of market capitalization.

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. Market capitalization is calculated from the current market price of one share and the number of shares outstanding for a company. In 2024, HSBC topped the ranking of European banks based on market capitalization, with a market cap of over *** billion U.S. dollars. 

Largest digital banks in Europe

Digital banks have surged in popularity over the past decade, attracting millions of customers with their convenient mobile interfaces, lower fees, and innovative financial products. In Europe, the largest digital bank is Revolut, with total assets exceeding ** billion euros in 2023. The UK-based digital bank reached the milestone of ** million users at the end of 2024, making it by far the largest European digital bank in terms of customer base.