Number of banks in Europe 2023, by country

As of July 2022, there was a total of 5,024 banks operating in the European Union. 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 2023, 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 had total assets worth more than 10.5 trillion euros in 2022.

Which is the leading bank in Europe?

In 2022, 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 ranked third in terms of revenue.