The economy of Europe is currently the largest on earth. Its $37.1 trillion in assets under management represents around one-third of world’s wealth. The EU comprises the largest single economic area in the world.
Europe’s banks have played a significant role in shaping the economy of the region. Here is the top 10 richest banks in Europe (as of 2013), ranked according to their total assets.
10) Lloyds Banking Group – $1,397.19 Billion
Founded: January 2009
Headquarters: 25 Gresham Street,London, United Kingdom
This major British financial institution is the fourth oldest bank in the UK. Headquartered in London, this bank has organized its activities into Commercial, Retail Banking, Life Pensions and Insurance, and Wealth and International.
9) Banco Santander – $1,540.70 Billion
Founded: 1857 (Santander)
Headquarters: Santander, Spain
This Spanish bank is the largest bank in the Eurozone by market value. It has operations across Europe, North America, Asia and Latin America. Retail banking generates 74 percent of the group’s profit.
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