European banks have been busy buying and selling foreign subsidiaries to increase their market share or to reduce complexity.
But the largest mergers and acquisitions have been between banks in the same country.
Belgium
Crelan buys AXA Bank for 691 million (2021)
Hungary
MKB Bank, Budapest Bank and Takarékbank merge into MBH Bank (2023)
Italy
Intesa Sanpaolo buys UBI Banca for €4.1 billion (2020)
BPER Banca buys Carige for a symbolic €1 (2022)
Spain
Caixabank buys Bankia for €4.3 billion (2021)
BBVA wants to buy Sabadell for €12.2 billion (2024)
Switzerland
UBS buys Credit Suisse for 3 billion Swiss francs (2023)
Julius Bär might buy EFG (2024)
United Kingdom
Nationwide buys Virgin Money for £2.9 billion (2024)