1. J.P. Morgan, 2. Morgan Stanley, 3. BlackRock, 4. Allianz, 5. Citi, 6. UBS, 7. ING, 8. UniCredit Group, 9. KBC, 10. Erste Group. In this post, let's take a look at the top 10 largest financial service companies in Slovakia. Visit other related Toplist articles directly if you want to see more of the largest financial companies in other regions ranked by market capitalization.
J.P. Morgan is a global financial services leader that provides solutions to the world’s most important corporations, governments, and institutions in over 100 countries. JPMorgan Chase announced in 2020 that it would invest $2 billion in philanthropic capital around the world by 2025. They also organize volunteer service activities for employees in their communities by leveraging their numerous resources, which include access to capital, economies of scale, global reach, and expertise.
J.P. Morgan has been assisting the world’s most successful and entrepreneurial families in preserving and growing their wealth by finding effective ways to manage their personal assets and business interests for over 200 years. Their presence in Sweden and the Nordic countries dates back to the early 1900s, when they advised and financed local shipping and industrial companies. Today, approximately 60 people work across their private bank, investment bank, and asset management divisions, supporting private clients as well as home-grown global brands.
They work tirelessly at the Private Bank to keep you, your family, and your business safe. When you come to us, they prioritize understanding your specific situation and protecting your assets and information. In the face of threats, they act as your eyes and ears, and they invest heavily to protect their business and your assets. They take a multi-layered approach to preventing cybercrime and fraud at the Private Bank. They’re also better prepared to keep your information and assets secure because they take the time to get to know you, your family, your business, and the way you transact. They employ constantly evolving defenses that detect and prevent all potential threats to protect you from cybercrime and fraud.
Headquarters: New York City, New York, USA
Image by JPMorgan Chase via privatebank.jpmorgan.com
Morgan Stanley’s global American financial services and investment management headquarters are located at 1585 Broadway in Midtown Manhattan, New York City. Businesses, governments, institutions, and individuals are among the clients of the company, which has offices in 41 countries and employs over 75,000 people. Morgan Stanley ranked 61 on the 2021 Fortune 500 list of the largest American corporations by total revenue.
On September 16, 1935, J.P. Morgan & Co. partners Henry Sturgis Morgan (J.P. Morgan’s grandson), Harold Stanley, and others established the first Morgan Stanley in response to the Glass-Steagall Act, which mandated the separation of American commercial and investment banking firms. In its first year of operations, the company has a 24% market share (about US$1.1 billion) for public offerings and private placements.
Morgan Stanley’s market capitalization was $148.88 billion in March 2023. Morgan Stanley is now the world’s 72nd most valuable corporation by market capitalization. According to Morgan Stanley’s most recent financial reports, the company’s current revenue (TTM) is $50.21 billion. In 2021, the corporation generated $56.41 billion in revenue, up from $45.26 billion in 2020.
Headquarters: Morgan Stanley Building, New York City, New York, U.S.
Screenshot via morganstanley.com
BlackRock is a global leader in investment, advisory, and risk management solutions. They owe their clients a duty of care. They are investing for the future on behalf of their clients, motivating their employees, and giving back to their communities. Their goal is to help more and more people achieve financial security. Together with their clients, they are working to create a more equitable and resilient world for today and future generations.
Screenshot via blackrock.com
CNBC channel on youtube
Allianz ranks 4th in the list of Largest Financial Service Companies in Slovakia. With over 122 million private and corporate customers in more than 70 countries, the Allianz Group is one of the world’s leading insurers and asset managers. Allianz customers have access to a wide range of personal and corporate insurance services, including property, life, and health insurance, as well as assistance services, credit insurance, and global business insurance. From 2021 to 2028, Allianz will be the Olympic and Paralympic Movements’ Worldwide Insurance Partner. They’ll be sharing some exciting ways for the global Allianz community to get involved, in addition to providing insurance solutions and services to the Olympic and Paralympic Movements.
Allianz is a global investor, managing approximately 683 billion euros on behalf of its insurance customers. In addition, their asset managers PIMCO and Allianz Global Investors oversee approximately 1.6 trillion euros in third-party assets. They are among the leaders in the insurance industry in the Dow Jones Sustainability Index due to their systematic integration of ecological and social criteria in their business processes and investment decisions. In 2022, the group’s over 159,000 employees generated total revenues of 152.7 billion euros and an operating profit of 14.2 billion euros.
Headquarters: Munich, Germany
Screenshot via allianz.com
Citi has had a presence in Denmark since 1975. Their business is focused on Danish-based multinational companies, financial institutions, the public sector as well as providing services to subsidiaries of foreign multinational companies operating in Denmark. For these companies, they are among their most important banks, and they work with them across the globe, making full use of their international network.
Citi’s Banking, Capital Markets, and Advisory division strives to be the best financial partner to its institutional clients by offering comprehensive relationship coverage and a full suite of products and services. They assist mid-sized businesses with revenues beginning at $10MM USD in addressing the challenges of rapid growth and international expansion by rationalizing complex legacy setups or allowing clients to avoid them entirely, allowing them to scale faster and grow larger.
Markets offers world-class solutions and a global presence that is unrivaled. From trading floors in nearly 80 countries, they serve corporations, institutional investors, and governments.Their treasury services help their clients optimize their needs on a global scale. Treasury and Trade Solutions offers global solutions to help clients advance their businesses while investing in innovation to bring new solutions to life.
Headquarters: New York City, New York, U.S.
Image by citi via citigroup.com
Screenshot via citigroup.com
As a global financial firm with offices in over 45 countries, UBS provide you with access to the world’s leading financial centers. Plus a choice of convenient UBS international banking centers ensure geographic diversification of your wealth. UBS Asset Management is a large scale investment manager with a presence in 22 countries. They offer investment capabilities and investment styles across all major traditional and alternative asset classes.
They distribute, trade, finance and clear cash equity and equity-linked products. They also structure, originate and distribute new equity and equity-linked issues. From origination and distribution to managing risk and providing liquidity in FX, rates, credit, and precious metals, they help clients realize their financial goals. They want to create superior value for their clients, shareholders and employees. And they want to stand out as a winner in their industry: for their expertise, advice and execution, their contribution to society, their work environment, and their business success.
Headquarters: Zürich, Switzerland
Image by USB via ubs.com
Bloomberg Television channel on youtube
The Internationale Nederlandsen Groep (ING) was formed in 1991 by the merger of the Dutch insurer Nationale-Nederlanden and the Dutch national postal bank NMB Postbank. The origins of ING can be traced back to 1762, when John and Francis Baring established Barings Bank in London. ING took over Barings in 1995 after derivatives trader Nick Leeson bankrupted the 200-year-old investment bank.
ING is a multinational bank with a strong European presence. In over 40 countries, their more than 60,000 employees serve approximately 37 million customers, corporate clients, and financial institutions. Their mission is to help people stay one step ahead in life and business. In most of their retail markets, they offer savings, payments, investments, loans, and mortgages. They offer specialized lending, tailored corporate finance, debt and equity market solutions, sustainable finance solutions, payments and cash management, and trade and treasury services to their Wholesale Banking clients.
In terms of sustainability, they facilitate and finance society’s transition to a low-carbon future, as well as pioneer new forms of finance to support a better world. Sustainability is an essential component of ING’s strategy. According to Sustainalytics, ING’s management of ESG material risk is ‘Strong.’ (September 2021). S&P Global Ratings assigned ING an ESG evaluation score of 83 (‘strong’) in January 2021. MSCI upgraded ING’s ESG rating to ‘AA’ in December 2020. STOXX, Morningstar, and FTSE Russell all have major sustainability and environmental, social, and governance (ESG) index products that include ING Group shares.
Headquarters: Amsterdam, Netherlands
Screenshot via ing.com
UniCredit is a pan-European commercial bank with a distinctive service portfolio in Italy, Germany, Central and Eastern Europe. Their mission is to enable communities to progress by providing best-in-class services to all stakeholders and unlocking the potential of their clients and employees across Europe. They have over 15 million customers all over the world. They are central to everything they do in all of their markets. UniCredit is divided into four core regions and two product factories, Corporate Solutions and Individual Solutions. This allows them to be close to their clients while also leveraging the Group’s scale to develop and offer the best products across all of their markets.
Digitalization and their adherence to ESG principles are critical enablers of their service. They assist them in providing excellence to their stakeholders and in creating a sustainable future for their clients, communities, and people. UniCredit follows an organizational and business model that, while ensuring the autonomy of countries/local banks in specific activities to ensure greater proximity to customers and efficient decision-making processes, maintains a divisional structure for business/product governance, as well as global control over Digital and Operations functions.
Headquarters: Milan, Italy
Screenshot via unicreditgroup.eu
UniCredit channel on youtube
KBC Group is a Belgian universal multi-channel bank-insurer that serves private clients as well as small and medium-sized businesses in Belgium, Bulgaria, the Czech Republic, Hungary, and Slovakia. It was formed in 1998 by the merger of Kredietbank, CERA Bank, ABB Insurance, and Fidelitas Insurance. The abbreviation KBC stands for KredietBank and CERA.
KBC Group is a major company in Belgium and the country’s second largest bancassurer. It was the 15th largest bank in Europe by market capitalisation as of late 2020, and a major financial player in Central and Eastern Europe, with 41,000 employees (more than half of whom worked in Central and Eastern Europe) and 12 million customers worldwide.(some 7 to 8 million in Central and Eastern Europe). KBC is a member of the Forbes Global 2000.
The company is controlled by a small group of core shareholders and has a free float of about 60%. The core shareholders include KBC Ancora, a listed company controlled by CERA (or Cera cvba [nl], a holding company formed by the cooperative clients of CERA Bank at the time of the 1998 merger), owning 19%; MRBB (Maatschappij voor Roerend Bezit van de Boerenbond), a vehicle of the Boerenbond farmers’ association, at 12%; a group of industrialist families, at 8%; and CERA directly, at 3%.Its shares are traded on the Euronext Brussels exchange.
Founded: 9 February 1935
Headquarters: Havenlaan 2, B-1080, Brussels, Belgium
Image by KBC via kbc.be
KBCBankEnVerzekering channel on youtube
Erste Group began in Leopoldstadt, a Vienna suburb, in October 1819 as Erste österreichische Spar-Casse. Following the fall of communism, the company began a rapid expansion into Central and Eastern Europe, acquiring ten banks by 2008. It went public in 1997 and is now listed on the exchanges of Vienna, Prague, and Bucharest, as well as in the indices CEETX, ATX, and PX. Erste Group currently employs approximately 46,700 people who serve 15.9 million customers across seven Central and Eastern European countries. (Austria, Serbia, Czech Republic, Slovakia, Hungary, Romania, Croatia).
It is recognized as an institution that, in addition to providing traditional products and services, strives to continuously develop in accordance with the demands of the modern market. Erste Group offers its customers security and trust, as well as high-quality products and services. Aside from retail operations, Erste Group offers corporate clients financing as well as consulting services related to investment and access to international capital markets, public sector financing, and interbank market operations.
Headquarters: Vienna, Austria
Screenshot via erstegroup.com/
Erste Group channel on youtube