The EBA updates list of third-country groups and branches operating in the European Union and the European Economic Area

The European Banking Authority (EBA) today released an updated list of third-country groups (TCGs) and third-country branches (TCBs) operating across the European Union and European Economic Area (EU/EEA). This annual publication enhances market transparency by providing stakeholders with clear information on the ownership structures of institutions operating within the EU/EEA under foreign control. The 2024 update identifies 439 third country groups from 50 countries outside the EU/EEA that are currently active in the area. Among these, 8 groups have established intermediate EU parent undertakings (IPUs), as required by EU regulations, with 2 groups having dual IPUs. Additionally, 61 TCGs have branches in the EU/EEA, resulting in a total of 95 third country branches spread across EU/EEA. This Report is part of the EBA's efforts to ensure that market participants have clarity regarding the direct ownership and presence of foreign institutions within the EU/EEA, contributing to a stable and transparent banking environment. Legal basis and background According to Article 21 b of Directive 2013/36/EU (Capital Requirements Directive - CRD), third country groups (TCGs) operating through ​more than one institution in the Union and with total assets of EUR 40 billion or more are required to have an intermediate EU parent undertaking (IPU). The EBA has a key role to play in facilitating cooperation between National Competent Authorities and in supporting their IPU decision-making...