ECB Releases Data on Structural Financial Indicators for Banks
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%.
Related Links
Keywords: Europe, EU, Banking, Structural Financial Indicators, Dataset, Bank Branches, Concentration, ECB
Previous Article
EBA Releases Spring 2020 Transparency Exercise Data on Banks in EURelated Articles
PRA Consults on Implementation of Certain Provisions of CRD5
PRA, via the consultation paper CP12/20, proposed changes to its rules, supervisory statements, and statements of policy to implement certain elements of the Capital Requirements Directive (CRD5).
EIOPA Report Identifies Key Financial Stability Risks for Insurers
EIOPA published the financial stability report that provides detailed quantitative and qualitative assessment of the key risks identified for the insurance and occupational pensions sectors in the European Economic Area.
EBA Publishes Risk Dashboard for First Quarter of 2020
EBA published its risk dashboard for the first quarter of 2020 together with the results of the risk assessment questionnaire.
EBA Issues Updates on Stress Test Exercise for Banks in EU
EBA announced that the next stress testing exercise is expected to be launched at the end of January 2021 and its results are to be published at the end of July 2021.
PRA Proposes Guidance Related to Matching Adjustment under Solvency II
PRA published the consultation paper CP11/20 that sets out its expectations and guidance related to auditors’ work on the matching adjustment under Solvency II.
MAS Issues Guidance on Dividend Distributions by Banks
MAS published a statement guidance on dividend distribution by banks.
APRA Updates Guidance on Capital Management for Banks
APRA updated its capital management guidance for banks, particularly easing restrictions around paying dividends as institutions continue to manage the disruption caused by COVID-19 pandemic.
FSB Report Reviews Macro-Prudential Framework and Tools in Germany
FSB published a report that reviews the progress on data collection for macro-prudential analysis and the availability and use of macro-prudential tools in Germany.
EBA Urges Firms to Finalize Preparations for End of Brexit Transition
EBA issued a statement reminding financial institutions that the transition period between EU and UK will expire on December 31, 2020; this will end the possibility for the UK-based financial institutions to offer financial services to EU customers on a cross-border basis via passporting.
SRB on Operational Continuity in Resolution and FMI Contingency Plans
SRB published guidance on operational continuity in resolution and financial market infrastructure (FMI) contingency plans.
