Banks of Europe

Banks of Spain

Main article: Banks in Spain

2023: Dynamics and structure of bank deposits

Trillions of euros

2022: Number of millionaire bankers up 41.5%

On January 19, 2023, the European Banking Supervision Service (EBA) published a report stating that the number of millionaire bankers in Europe has reached an all-time high. Read more here.

2020: Due to the development of the fintech industry, the number of banks in Europe has decreased by 30% since 2008

According to data compiled by Finanso.se analysts, the number of European banks decreased to 5,963 as of January 2020, which is 30% lower than in 2008. Statistics show that over the past twelve years, about 2,600 banks and credit institutions in Europe have been closed in large part due to the rapid development of financial technology (fintech).

In 2008, there were 8,525 credit institutions in the EU, according to a review by the European Banking Federation. The 2008 financial crisis triggered a downward trend in banking and credit institutions that has continued ever since. By the end of 2016, the number of European credit institutions fell to 6,596, that is, it became almost 2,000 less than in 2008.

The number of banks in Europe continues to decline

Data for 2020 showed that one in four credit institutions disappeared after the financial crisis. Moreover, statistics show that over the past twelve years, the number of bank branches has decreased by almost 65,000, that is, it has become 27% less than in 2008. All this reflects the growing use of online services and mobile banking in EU countries.

In 2019, the decline was 2.7% less than in recent years, and was most noticeable in, Germany, Italy Austria and. Ireland However, 2020 data shows that Germany is still home to 25% of all credit institutions in Europe. Poland took second place in the list - it has 627 banks.

The German banking system consists of private banks, state-owned banks and member credit unions. As of January 2020, there were 1,531 active banks in Germany, that is, almost a thousand more than in any other European country. The largest of these is Deutsche Bank, with assets of around €1.3tn.^[1]

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