Europe Retail Banking Market Size & Outlook, 2025-2033

The retail banking market in Europe is expected to reach a projected revenue of US$ 606.2 billion by 2033. A compound annual growth rate of 5.2% is expected of Europe retail banking market from 2025 to 2033.
Revenue, 2024 (US$B)
$385.1
Forecast, 2033 (US$B)
$606.2
CAGR, 2025 - 2033
5.2%
Report Coverage
Europe

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Europe retail banking market, 2021-2033 (US$B)

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Europe retail banking market highlights

  • The Europe retail banking market generated a revenue of USD 385.1 billion in 2024.
  • The market is expected to grow at a CAGR of 5.2% from 2025 to 2033.
  • In terms of segment, private sector banks was the largest revenue generating type in 2024.
  • Public Sector Banks is the most lucrative type segment registering the fastest growth during the forecast period.
  • Country-wise, UK is expected to register the highest CAGR from 2025 to 2033.


Europe data book summary

Market revenue in 2024USD 385.1 billion
Market revenue in 2033USD 606.2 billion
Growth rate5.2% (CAGR from 2025 to 2033)
Largest segmentPrivate sector banks
Fastest growing segmentPublic Sector Banks
Historical data covered2021 - 2023
Base year for estimation2024
Forecast period covered2025 - 2033
Quantitative unitsRevenue in USD billion
Market segmentationPublic Sector Banks, Private Sector Banks, Foreign Banks, Community Development Banks, Non-Banking Financial Companies (NBFC)


Other key industry trends

  • In terms of revenue, Europe region accounted for 18.9% of the global retail banking market in 2024.
  • Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2033.
  • MEA is the fastest growing regional market and is projected to reach USD 268.4 billion by 2033.

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Retail Banking Market Companies

Name Profile # Employees HQ Website
ICBC Standard Bank View profile 501-1000 London, England, United Kingdom, Europe http://icbcstandard.com
Wells Fargo View profile 10001+ San Francisco, California, United States, North America http://www.wellsfargo.com
Citigroup View profile - Port Louis, Port Louis, Mauritius, Africa https://www.citigroup.com/global/about-us/global-presence/mauritius
JP Morgan Chase View profile 10001+ New York, New York, United States, North America http://www.jpmorganchase.com
HSBC Holdings PLC View profile 221000 8 Canada Square, London, United Kingdom, E14 5HQ https://www.hsbc.com
Mitsubishi UFJ Financial Group Inc View profile 120000 7-1, Marunouchi 2-Chome, Chiyoda-ku, Tokyo, Japan, 100-8330 https://www.mufg.jp
Bank of America Corp View profile 212000 100 North Tryon Street, Bank of America Corporate Center, Charlotte, NC, United States, 28255 https://www.bankofamerica.com
China Construction Bank Corp Class H View profile 376871 No. 25, Finance Street, Xicheng District, Beijing, China, People's Republic of, 100033 http://www.ccb.com
Barclays PLC View profile 92400 1 Churchill Place, London, United Kingdom, E14 5HP https://www.barclays.com
BNP Paribas Act. Cat.A View profile 182656 16, Boulevard Des Italiens, Paris, France, 75009 https://group.bnpparibas
Deutsche Bank AG View profile 90130 Taunusanlage 12, Frankfurt am Main, HE, Germany, 60325 https://www.db.com

Europe retail banking market outlook

The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to retail banking market will help companies and investors design strategic landscapes.


Private sector banks was the largest segment with a revenue share of 31.08% in 2024. Horizon Databook has segmented the Europe retail banking market based on public sector banks, private sector banks, foreign banks, community development banks, non-banking financial companies (nbfc) covering the revenue growth of each sub-segment from 2021 to 2033.


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Horizon Databook provides a detailed overview of continent-level data and insights on the Europe retail banking market , including forecasts for subscribers. This continent databook contains high-level insights into Europe retail banking market from 2021 to 2033, including revenue numbers, major trends, and company profiles.

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Europe retail banking market size, by country, 2021-2033 (US$B)

Europe Retail Banking Market Outlook Share, 2024 & 2033 (US$B)

Europe retail banking market size, by country, 2021-2033 (US$B)

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