N26 is not publicly listed on a stock exchange, therefor it is hard to get information about it. Additionally the raking is mainly based on price action since

N26 is not publicly listed on a stock exchange, therefor it is hard to get information about it. Additionally the raking is mainly based on price action since March 1st and the price-to-book ratio. The balance sheet of the banks that failed so far was not the bottom of the list, I would say it was slightly bellow average. In fact they even had good ratings by Moody's. What broke their back was their lack of diversification (exposure to crypto and tech startups that massively withdrew in recent time) and the bankrun that ensued.