As of July 2022, there was a total of 5,171banks operating in the European Union 27. Across Europe, approximately 2.15 million individuals were employed by credit institutions, with some bank employees looking after more than two hundred customers each.
Germany
In 2022, Germany had almost one thousand 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 has total assets worth more than 9.2 trillion euros.
Which is the leading bank in Europe?
HSBC is the largest bank in Europe, in terms of market capitalization. The British headquartered bank also led Europe in terms of assets and Tier one capital. The UK giant was fourth in terms of revenue.
