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Top 20 European banks by market capitalization, Q1'17

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Top 20 European banks by market capitalization, Q1'17

UniCredit SpA's €13 billion capital increase propelled it into the top 20 European banks by market capitalization as of the end of the first quarter.

UniCredit's market cap stood at €32.16 billion as of March 31, with the bank having completed the share offering in early March. UniCredit's entry marked the first time since the second quarter of 2016 that there was a new entrant to the top 20.

Banco Santander SA edged in front of BNP Paribas SA to become Europe's second-largest bank by market cap, although both remain well behind HSBC Holdings Plc.

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