As of December 2024, there were a total of 3,812 credit institutions 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 over 800 more banks operating than any other European country, despite a steady downward trend for years. Germany has three main types of banks, which include 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 2024, 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 1 capital. The UK giant also ranked first in terms of revenue.
Number of credit institutions in Europe as of December 2024, by country
Figures refer to the number of credit institutions, which are defined as businesses that take deposits or other repayable funds from the public and grant credits for their own account.
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ECB. (January 2, 2025). Number of credit institutions in Europe as of December 2024, by country [Graph]. In Statista. Retrieved February 07, 2025, from https://www.statista.com/statistics/940867/number-of-banks-in-europe-by-country/?__sso_cookie_checker=failed
ECB. "Number of credit institutions in Europe as of December 2024, by country." Chart. January 2, 2025. Statista. Accessed February 07, 2025. https://www.statista.com/statistics/940867/number-of-banks-in-europe-by-country/?__sso_cookie_checker=failed
ECB. (2025). Number of credit institutions in Europe as of December 2024, by country. Statista. Statista Inc.. Accessed: February 07, 2025. https://www.statista.com/statistics/940867/number-of-banks-in-europe-by-country/?__sso_cookie_checker=failed
ECB. "Number of Credit Institutions in Europe as of December 2024, by Country." Statista, Statista Inc., 2 Jan 2025, https://www.statista.com/statistics/940867/number-of-banks-in-europe-by-country/?__sso_cookie_checker=failed
ECB, Number of credit institutions in Europe as of December 2024, by country Statista, https://www.statista.com/statistics/940867/number-of-banks-in-europe-by-country/?__sso_cookie_checker=failed (last visited February 07, 2025)
Number of credit institutions in Europe as of December 2024, by country [Graph], ECB, January 2, 2025. [Online]. Available: https://www.statista.com/statistics/940867/number-of-banks-in-europe-by-country/?__sso_cookie_checker=failed