HSBC Holdings Plc remains atop SNL Financial's ranking of Europe's 50 largest banks by total assets for the third successive year, although its position was distorted by the fall in the euro against the dollar and other major currencies.
BNP Paribas SA remained in second place and was the only other European bank to cross the €2 trillion asset mark in SNL's pro forma ranking, which is adjusted for recent and pending M&A.
The reported assets used in SNL's pro forma ranking were converted to euros using end-of-period exchange rates where applicable. However, SNL also created an adjusted ranking in which the reported currency for non-euro filers was converted using a June 10, 2015, valuation. The euro closed at $1.1307 on June 10, according to SNL Financial data, having been worth $1.0734 at March 31, 2015, $1.2105 at Dec. 31, 2014, and $1.3687 at June 30, 2014.
Referenced Tickers: DBK, ABN AMRO Group, Groupe BPCE, CSGN, ZKB, ISP, NORD/LB, GLE, BNP, BBVA, Raiffeisen Zentralbank, Crédit Mutuel Group, DZ Bank AG, Crédit Agricole Group, SAN, VTBR, La Banque Postale, CABK, NDA, Nationwide BS, BARC, RBS, DNB, Cassa depositi e prestiti, HSBA, Raiffeisen Gruppe, Belfius Banque, CBK, DANSKE, Nykredit Holding A/S, BMPS, UCG, DEXB, Landesbank Hessen-Thüringen, Landesbank Baden-Württemberg, SAB, Rabobank Group, BKIA, SEB.A, Bayerische Landesbank, STAN, POP, EBS, KBC, SWED.A, SHB.A, SBER, INGA, LLOY, UBSG
Note: Crédit Mutuel Group on June 29, 2015, reported total assets of €706.72 billion as of Dec. 31, 2014, based on which its position in the ranking would be 16th, rather than 19th.