U.K. Banks Potentially Undervalued Companies

TBC Bank Group

Market Cap: UK£2.5b

Through its subsidiaries, provides banking, leasing, insurance, brokerage, and card processing services to corporate and individual customers in Georgia, Azerbaijan, and Uzbekistan.

Lion Finance Group

Market Cap: UK£3.2b

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

TBC Bank Group

Market Cap: UK£2.5b

Through its subsidiaries, provides banking, leasing, insurance, brokerage, and card processing services to corporate and individual customers in Georgia, Azerbaijan, and Uzbekistan.

Lion Finance Group

Market Cap: UK£3.2b

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

ProCredit Holding

Market Cap: €536.0m

Provides commercial banking products and services for small and medium enterprises and private customers in Europe, South America, and Germany.

Crédit Agricole

Market Cap: €51.2b

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

OTP Bank Nyrt

Market Cap: US$7.8t

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

BNP Paribas

Market Cap: €86.6b

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

Permanent TSB Group Holdings

Market Cap: €1.3b

Operates in the retail, and small and medium sized enterprises (SME) banking sectors in the Republic of Ireland.

Lloyds Banking Group

Market Cap: UK£27.6b

Provides a range of banking and financial products and services in the United Kingdom and internationally.

Halyk Bank of Kazakhstan

Market Cap: US$6.9b

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

Halyk Bank of Kazakhstan

Market Cap: US$6.9b

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

AB Artea bankas

Market Cap: €511.4m

Provides commercial banking products and services to private and corporate customers in Lithuania.

Commercial International Bank Egypt (CIB)E

Market Cap: US$303.6b

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

Crédit Agricole

Market Cap: €51.2b

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

Zenith Bank

Market Cap: US$2.9t

Provides banking and other financial services to corporate and individual customers in Nigeria, rest of Africa, and internationally.

BNP Paribas

Market Cap: €86.6b

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: US$303.6b

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

Halyk Bank of Kazakhstan

Market Cap: US$6.6b

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

Banca Sistema

Market Cap: €113.3m

Provides various business and retail banking products and services in Italy.

Raiffeisen Bank International

Market Cap: €6.3b

Offers banking services to corporate, private, and institutional customers.

BKS Bank

Market Cap: €804.5m

Provides various banking products and services.

Close Brothers Group

Market Cap: UK£739.2m

A merchant banking company, engages in the provision of financial services to small businesses and individuals in the United Kingdom.

Banco Bilbao Vizcaya Argentaria

Market Cap: €93.5b

Provides retail banking, wholesale banking, and asset management services primarily in Spain, Mexico, Turkey, South America, rest of Europe, the United States, and Asia.

Banco Bilbao Vizcaya Argentaria

Market Cap: €93.5b

Provides retail banking, wholesale banking, and asset management services primarily in Spain, Mexico, Turkey, South America, rest of Europe, the United States, and Asia.

Banco Bilbao Vizcaya Argentaria

Market Cap: US$93.5b

Provides retail banking, wholesale banking, and asset management services primarily in Spain, Mexico, Turkey, South America, rest of Europe, the United States, and Asia.

Close Brothers Group

Market Cap: UK£739.2m

A merchant banking company, engages in the provision of financial services to small businesses and individuals in the United Kingdom.

Türkiye Is Bankasi

Market Cap: US$408.6b

Provides various banking products and services in Turkey.

Møns Bank

Market Cap: DKK 672.0m

Provides banking products and services to private, business, and association customers in Denmark and internationally.

NatWest Group

Market Cap: UK£41.7b

Provides banking and financial products and services in the United Kingdom and internationally.

Alior Bank

Market Cap: zł13.7b

Provides various banking products and services for individuals, businesses, and enterprises in Poland.

Toronto-Dominion Bank

Market Cap: CA$189.2b

Provides various financial products and services in Canada, the United States, and internationally.

Banca Sistema

Market Cap: €126.7m

Provides various business and retail banking products and services in Italy.

Eurobank Ergasias Services and Holdings

Market Cap: €11.9b

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

Société Générale Société anonyme

Market Cap: €43.7b

Provides banking and financial services to individuals, corporates, and institutional clients in Europe and internationally.

Swedbank

Market Cap: SEK 319.2b

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.