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%.
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Keywords: Europe, EU, Banking, Structural Financial Indicators, Dataset, Bank Branches, Concentration, ECB
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