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The Most Successful Financial Service Companies In Europe
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By: Alison Parker
| In: Economy
The European Union would be the second largest economy after the United States if it were a single state. According to the IMF, the GDP as at January 2017 was $16.5 trillion (nominal) and $20.7 trillion (PPP). Some of the world’s largest multinationals are found in Europe and generate millions in revenue. These are the largest financial companies in Europe in terms of revenue generated.
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Société Générale S.A. is a French multinational banking and financial services company headquartered in Paris.
 
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Crédit Agricole Group , sometimes called "la banque verte" (English: the green bank) due to its historical ties to farming, is a French network of cooperative and mutual banks comprising Crédit Agricole local banks, the 39 Crédit Agricole regional banks and a central institute Crédit Agricole S.A.. In 1990, it became an international full-service banking group. It is listed through Crédit Agricole S.A., an intermediate holding company, on Euronext Paris' first market and is part of the CAC 40 stock market index. Local banks of the group owned the regional banks, in turn the regional banks majority owned the S.A. via a holding company, in turn the S.A. owned part of the subsidiaries of the group, such as LCL, the Italian network and the CIB unit.
 
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HSBC Bank plc is one of the largest banking and financial services organisations in the world. HSBC's international network comprises around 7,500 offices in over 80 countries and territories in Europe, the Asia-Pacific region, the Americas, the Middle East and Africa.
HSBC Bank plc is one of the four major clearing banks in the United Kingdom and is a wholly owned subsidiary of HSBC Holdings. The business ranges from the traditional High Street roles of personal finance and commercial banking, to private banking, consumer finance as well as corporate and investment banking. Across all brands the bank operates some 1800 sites in the UK.
HSBC Bank plc is one of the four major clearing banks in the United Kingdom and is a wholly owned subsidiary of HSBC Holdings. The business ranges from the traditional High Street roles of personal finance and commercial banking, to private banking, consumer finance as well as corporate and investment banking. Across all brands the bank operates some 1800 sites in the UK.
 
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Generali Group is an Italian insurance company, the largest in Italy and third in the world. It has its headquarters in Trieste. Under the name of Imperial Regia Privilegiata Compagnia di Assicurazioni Generali Austro-Italiche, the company was founded on December 26, 1831. At the time, Trieste was the most important sea port of the Austrian Empire. The company grew in importance, becoming one of the largest insurance operators both in Italy and in Central Europe.
 
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Banco Santander is a member of the Santander Group. It is a Spanish multinational banking service provider with market share across Europe, North and America, and Asia.
 
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BNP Paribas is a French multinational banking group that provides financial services in 75 counties and serves about 30 million clients. It is among the largest banks in the world with revenue of 127.460 billion and assets worth approximately €1.994 trillion. It operates in France, Italy, Luxemburg, Belgium, the Mediterranean region and western United states. The bank was formed in 2000 when Paribas Bank and Banque Nationale de Paris merged.
 
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The corporation is headquartered in Munich and its products are Insurance and asset management. As at 2014, Allianz was the largest insurance and financial services group company in the world before it was surpassed by AXA. In 2008 Allianz sold a larger proportion of its banking wing; the Dresdner Bank to Commerzbank and gained 14% stake in the new Commerzbank. Allianz SE subsidiaries include Allianz France, Allianz Insurance plc, Allianz Global Investors among several others. It operates in Europe, North America, and the Middle East.
 
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The Paris based corporation was among the top three financial brands in the world in 2016. It operates in Western Europe, Asia Pacific region, North American and the Middle East. AXA core products are management, health and life insurance, property insurance, casualty insurance. In 2011, AXA ranked below Barclays and Above State Street Corporation to rank second in the global financial stability and market competition index.
 
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The Internationale Nederlanden Groep (ING) is a banking and financial services corporation with its headquarters in Amsterdam, Netherlands. It is a multinational company that engages in direct, retail, commercial, and investment banking. It also deals with insurance service and asset management. ING is a member of an eleven-member group of the most prominent banks in Europe known as the Inter-Alpha Group of Banks. The bank has a labor force of about 75,000 serving more than 48 million people and institutions in more than 40 countries.
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