June 7, 2024
For the end of 2023, the European Central Bank (ECB) has updated its dataset of structural financial indicators for the EU banking industry. This yearly dataset includes information on the number of branches and staff members of EU credit institutions, as well as data on the concentration of the banking industry in each Member State and data on institutions under foreign controlled institutions that operate inside the EU.
The number of bank offices in the EU is declining further, with an average decrease of 3.09% across Member States, according to structural financial indicators. Of the 27 countries, 24 saw decreases, ranging from -0.17% in Spain to -12.46% in Belgium. By the end of 2023, there were 129,418 offices in the EU, with 82.2% of them being in the euro area.
Over the course of 2023, bank employment decreased in 15 of the 27 Member States, with a global average decline of 0.81%. There appears to have been a plateau in the decrease of bank employment that has been seen in the majority of Member States since 2008.
Additionally, the statistics show that there are still significant differences in the level of banking sector concentration among EU Member States, as determined by the percentage of assets owned by the five largest banks. By the end of 2023, the five biggest credit institutions in each country had a total asset share ranging from 32.34% (Luxembourg) to 95.58% (Greece), compared to the EU average of 68.6%.
Number of employees of credit institutions in the EU
Share of assets held by the five largest banks
(Source: European Central Bank)
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