ECB updated the dataset of structural financial indicators for the banking sector in EU for the end of 2019. This annual dataset comprises statistics on the number of branches and employees of EU credit institutions, data on the degree of concentration of the banking sector in each EU member state, and data on foreign-controlled institutions in national banking markets in EU.
The structural financial indicators show a further decline in the number of branches in EU. Out of the 28 member states in EU, 25 showed a decrease in the number of branches. On average, the decrease in the number of branches was 6.3% and this decrease varied from 0.9% to 37.0% at the national level. The total number of branches in EU was 163,265 at the end of 2019, with 79% of them located in the Euro area. The data corroborate the decrease in numbers of bank employees, a trend that has been observed in most countries since 2008. The data also indicate that the degree of concentration in the banking sector (measured by the share of assets held by the five largest banks) continues to differ widely among EU countries. The share of total assets of the five largest credit institutions, at the national level, ranged from 28% to 97%, while the EU average was 65% at the end of 2019. Changes in the share of total assets of the five largest credit institutions varied across countries from -3.1% to 7.8%.
Keywords: Europe, EU, Banking, Structural Financial Indicators, Dataset, Bank Branches, Concentration, ECB
Previous ArticleEBA Releases Spring 2020 Transparency Exercise Data on Banks in EU
EBA published a report analyzing the impact of the unwind mechanism of the liquidity coverage ratio (LCR) for a sample of European banks over a three-year period, from the end of 2016 to the first quarter of 2020.
In response to questions from a member of the European Parliament, the ECB President Christine Lagarde issued a letter clarifying the possibility of amending the AnaCredit Regulation and making targeted longer-term refinancing operations (TLTROs) dependent on the climate-related impact of bank loans.
IASB started the post-implementation review of the classification and measurement requirements in IFRS 9 on financial instruments and added the review as a project to its work plan.
FSB published a report that examines progress in implementing policy measures to enhance the resolvability of systemically important financial institutions.
EBA published a report on the benchmarking of national loan enforcement frameworks across 27 EU member states, in response to the call for advice from EC.
FSB published a letter from its Chair Randal K. Quarles, along with two reports exploring various aspects of the market turmoil resulting from the COVID-19 event.
RBNZ launched a consultation on the details for implementing the final Capital Review decisions announced in December 2019.
The Trustees of the IFRS Foundation, which are responsible for the governance and oversight of IASB, have announced the appointment of Dr. Andreas Barckow as the IASB Chair, effective July 2021.
HKMA issued a letter to consult the banking industry on a full set of proposed draft amendments to the Banking (Capital) Rules for implementing the Basel standard on capital requirements for banks’ equity investments in funds in Hong Kong.
ESRB published an opinion assessing the decision of Swedish Financial Supervisory Authority (FSA) to extend the application period of a stricter measure for residential mortgage lending, in accordance with Article 458 of the Capital Requirements Regulation (CRR).