European bank M&A: domestic consolidation

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)

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)

Leave a Reply

Your email address will not be published. Required fields are marked *