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Türkiye's state-run lender Ziraat remained the country's only bank to make the list of Europe's 50 largest lenders by assets in 2026, ranking 47th in the latest survey based on S&P Global Market Intelligence data.
The bank slipped three places from a year earlier but remained among Europe's 50 largest lenders with approximately $286 billion in total assets, the ranking showed.
France's BNP Paribas climbed to the top of the ranking with $3.3 trillion in assets, replacing HSBC, which slipped to second after leading the list for years.
Credit Agricole Group placed third, while Spain's Banco Santander and Britain's Barclays rounded out the top five.
French lenders accounted for six of Europe's 50 largest banks, the highest representation alongside the United Kingdom.
Their combined assets exceeded $12.5 trillion, compared with nearly $9 trillion for British banks. Spain had four banks on the list, while Germany and Italy each had five.
Italy's UniCredit rose two places to 14th with $1.02 trillion in assets, while Spain's BBVA also climbed two spots to 15th with $1 trillion. Russia's Sberbank jumped six places to 18th, VTB Bank advanced three places to 30th, and Gazprombank entered the ranking in 46th place.
Elsewhere, Italy's BPER Banca climbed five positions to 43rd and Austria's Erste Group Bank rose four places to 26th. Banco Sabadell dropped five places to 44th, while Ireland's Bank of Ireland Group and AIB Group fell to the bottom of the list.
Overall, 20 banks ranked lower than a year earlier, 11 moved up, one bank entered the top 50, and the remainder retained their previous positions, the report indicated.
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