German Banks Potentially Undervalued Companies

Kasikornbank

Market Cap: €395.7b

Provides commercial banking products and services in Thailand and internationally.

BNP Paribas

Market Cap: €93.2b

Provides various banking and financial products and services in Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

Bank Mandiri (Persero)

Market Cap: €456.4t

Provides various banking products and services to individuals and businesses in Indonesia, Singapore, Hong Kong, Timor Leste, Shanghai, Malaysia, England, and the Cayman Islands.

Barclays

Market Cap: €52.8b

Provides various financial services in the United Kingdom, Europe, the Americas, Africa, the Middle East, and Asia.

Crédit Agricole

Market Cap: €51.6b

Provides retail, corporate, insurance, and investment banking products and services in France and internationally.

China Construction Bank

Market Cap: €2.1t

Engages in the provision of various banking and related financial services to individuals and corporate customers in the People's Republic of China and internationally.

Standard Chartered

Market Cap: US$32.5b

Provides various banking products and services in Asia, Africa, the Middle East, Europe, and the Americas.

Thanachart Capital

Market Cap: €52.7b

An investment holding company, offers various financial services in Thailand.

Halyk Bank of Kazakhstan

Market Cap: €7.2b

Provides corporate and retail banking services primarily in the Republic of Kazakhstan, Kyrgyzstan, Georgia, and Uzbekistan.

Bank of China

Market Cap: €1.9t

Provides various banking and financial services in Chinese Mainland, Hong Kong, Macao, Taiwan, and internationally.

Grupo Financiero Banorte. de

Market Cap: €471.8b

Through its subsidiaries, engages in the provision of banking and financial products and services in Mexico and internationally.

Eurobank Ergasias Services and Holdings

Market Cap: €12.6b

Provides retail, corporate and private banking, asset management, treasury, capital market, and other services in Greece, Bulgaria, Cyprus, and Luxembourg.

Eurobank Ergasias Services and Holdings

Market Cap: €12.6b

Provides retail, corporate and private banking, asset management, treasury, capital market, and other services in Greece, Bulgaria, Cyprus, and Luxembourg.

Bank of Cyprus Holdings

Market Cap: €3.3b

Through its subsidiaries, engages in the provision of banking, financial, and insurance services in Cyprus, Greece, the United Kingdom, the United States, Germany, Romania, Russia, Ukraine, Belarus, Israel, and internationally.

Bank of Communications

Market Cap: €682.3b

Provides commercial banking products and services in China and internationally.

Bank Tabungan Negara (Persero)

Market Cap: €13.1t

Provides various banking products and services in Indonesia.

Preferred Bank

Market Cap: €1.2b

Provides various banking products and services to small and mid-sized businesses, entrepreneurs, real estate developers, professionals, and high net worth individuals.

BNP Paribas

Market Cap: €93.2b

Provides various banking and financial products and services in Europe, the Middle East, Africa, the Americas, and the Asia Pacific.

Commercial International Bank Egypt (CIB)E

Market Cap: €301.3b

Commercial International Bank Egypt (CIB) S.A.E.

Shinhan Financial Group

Market Cap: €32.4t

Provides financial products and services in South Korea and internationally.

Industrial and Commercial Bank of China

Market Cap: €2.8t

Provides banking products and services in the People's Republic of China and internationally.

Oma Säästöpankki Oyj

Market Cap: €329.9m

Provides banking products and services to private customers, small and medium-sized enterprises, and agriculture and forestry entrepreneurs in Finland.

Addiko Bank

Market Cap: €430.1m

Provides various banking products and services in Croatia, Slovenia, Serbia, Bosnia and Herzegovina, Montenegro, Austria, and Germany.

Lion Finance Group

Market Cap: €3.2b

Through its subsidiaries, provides banking and financial services with focus on the Georgian and Armenian markets.

Swedbank

Market Cap: €311.6b

Provides various banking products and services to private and corporate customers in Sweden, Estonia, Latvia, Lithuania, Norway, the United States, Finland, Denmark, Luxembourg, and China.

United Overseas Bank

Market Cap: €58.8b

Provides banking products and services worldwide.

Bank SMBC Indonesia

Market Cap: €23.2t

Provides various banking products and services primarily in Indonesia.

China CITIC Bank

Market Cap: €453.0b

Provides various banking products and services in the People’s Republic of China and internationally.

Banca Monte dei Paschi di Siena

Market Cap: €10.5b

Engages in the provision of retail and commercial banking services in Italy.

Barclays

Market Cap: €52.8b

Provides various financial services in the United Kingdom, Europe, the Americas, Africa, the Middle East, and Asia.

ING Bank Slaski

Market Cap: €42.0b

Together with our subsidiaries, provides various banking products and services for retail clients and businesses in Poland.

OTP Bank Nyrt

Market Cap: €8.4t

Provides commercial banking services to individuals, municipalities, corporations, and enterprises.

Krung Thai Bank

Market Cap: €335.4b

Engages in commercial banking business in Thailand and internationally.

Bank of N.T. Butterfield & Son

Market Cap: €1.9b

Provides a range of community, commercial, and private banking services to individuals and small to medium-sized businesses.

SpareBank 1 Østfold Akershus

Market Cap: €5.4b

Operates as a savings bank that provides various banking products and services in Norway.

Bank OZK

Market Cap: €5.9b

Operates as a full-service Arkansas state-chartered bank that provides retail and commercial banking services in the United States.