List of banks in the euro area

Last updated

The following is a list of banks in the euro area. The euro area is a single jurisdiction in terms of many (though not all) aspects of banking sector policy, including an integrated system of European banking supervision as well as a semi-integrated system of crisis response, known as the Single Resolution Mechanism (SRM). From 1 January 2026, with the adoption by Bulgaria of the euro as its currency, the geographical scope of the euro area is identical to that of the European banking union policy framework.

Contents

The euro area is the world's second-largest banking jurisdiction measured by total banking assets, behind China and ahead of the United States. [1] : 81 

Allocation of authorities

European banking supervision distinguishes between significant institutions (SIs) and less significant institutions (LSIs), with SI/LSI designations updated several times every year by the European Central Bank (ECB). Significant institutions are directly supervised by the ECB using joint supervisory teams that involve the National Competent Authorities (NCAs) of individual participating countries. Less significant institutions are supervised by the relevant NCA on a day-to-day basis, under the supervisory oversight of the ECB. [1]

Under the SRM framework, the Single Resolution Board is the resolution authority under the EU Bank Recovery and Resolution Directive (BRRD) for all SI, plus any LSIs specifically designated by the SRB as falling under its remit. For all other LSIs, the National Resolution Authority (NRA), which in most but not all countries is the supervisory NCA, is responsible for any resolution under BRRD. Deposit Guarantee Schemes are established only at the national level. [1]

Anti–money laundering supervision is carried out by national authorities. The Anti-Money Laundering Authority of the EU is scheduled to take over AML supervision of the largest banking groups in 2028, including in EU countries outside the euro area. [2]

A specific feature of the EU framework is that it provides for the possibility of institutional protection scheme that bind together networks of local banks into idiosyncratic risk-sharing arrangements. [3] There were six such schemes in the euro area as of 2022: Sparkassengruppe and Raiffeisen Banking Group in Austria, Sparkassen-Finanzgruppe and Cooperative Financial Group in Germany, South Tyrolean Raiffeisen Group in Italy, and Grupo Caja Rural in Spain. [4] : 12  The last two IPSs are entirely constituted of LSIs, whereas the four IPSs in Austria and Germany all include SIs. [5] For the latter, the ECB is involved in the oversight of the IPS together with the relevant NCA. [6]

Significant Institutions

As of 1 September 2025, the list of supervised institutions maintained by the ECB included the following banking groups as SIs, with names and countries as indicated by the ECB for each group's consolidating entity. [5] Global systemically important banks (G-SIBs, as designated on 27 November 2025 by the Financial Stability Board), [7] are shown first, then the other SIs are tiered by size bands based on the ECB's list. In each subsection, banks are listed by alphabetical order of name. Of the 113 institutions on the ECB's list, 15 are members of the four Austrian and German institutional protection schemes, marked with an asterisk (*) below.

Global systemically important banks

Assets in €500-999 billion range

Assets in €100-499 billion range

Assets in €30-99 billion range

Other significant institutions

Less significant institutions

Two thirds of LSIs in the euro area were bound in an institutional protection scheme as of end-2020. [8] : 15 

A handful of LSIs are designated by the SRB as under its remit for resolution purposes. As of 8 July 2024, these were Delen Private Bank (consolidated in Belgium), ODDO BHF (France), Bausparkasse Wüstenrot AG (Austria), and the EU subsidiary of SMBC Group (Germany). [9]

Some banks linked to financial market infrastructures meet the criteria for being SIs but are nevertheless designated as LSIs by the ECB by special derogation. As of 1 September 2025, there were five such cases: Euroclear Holding SA/NV, Euroclear SA/NV, and Euroclear Bank, all three of which are entities of the Euroclear Group; Eurex Clearing AG, an entity of the Deutsche Börse Group; and Banque Centrale de Compensation (also known as LCH SA), an entity of the London Stock Exchange Group. [5]

Also as of 1 September 2025, 98 out of a total 2,062 LSIs were designated by the ECB as "high-impact" on the basis of several criteria including size. They are listed below with names and countries as indicated by the ECB for each entity, by alphabetical order of name. [5] Of these 98, 26 are members of institutional protection schemes, marked with an asterisk (*) in the list.

See also

References

  1. 1 2 3 Nicolas Véron (June 2024), Europe's banking union at ten: unfinished yet transformative, Brussels: Bruegel
  2. ↑ "AMLA begins". KPMG. April 2025.
  3. ↑ Rainer Haselmann; Jan Pieter Krahnen; Tobias H. Tröger; Mark Wahrenburg (2022). "Institutional Protection Schemes: What are their differences, strengths, weaknesses, and track records?". European Parliament.
  4. ↑ Harry Huizinga (March 2022). "Institutional Protection Schemes - What are their differences, strengths, weaknesses, and track records?" (PDF). European Parliament.
  5. 1 2 3 4 List of supervised entities - Cut-off date for changes in group structures: 1 September 2025 (PDF), European Central Bank, 24 October 2025
  6. ↑ Andreas Kröner (28 May 2020). "Angriff auf die Sparkassen: Bafin und EZB fordern Umbau des Sicherungssystems". Handelsblatt.
  7. ↑ "2025 List of Global Systemically Important Banks (G-SIBs)". Financial Stability Board. 27 November 2025.
  8. ↑ Alexander Lehmann and Nicolas Véron (October 2021), "Tailoring prudential policy to bank size: The application of proportionality in the US and euro area" (PDF), European Parliament
  9. ↑ "Updated list of the other cross-border groups under the SRB remit following the change in status of Banque Degroof Petercam" (PDF), Single Resolution Board, 8 July 2024
This page is based on this Wikipedia article
Text is available under the CC BY-SA 4.0 license; additional terms may apply.
Images, videos and audio are available under their respective licenses.