ECB: Number of credit institutions headquartered in EU decreased to 3,154 in March 2017

Eren Sengezer FXStreet

According to the Consolidated Banking Data for end-March 2017 released by the ECB:

The number of credit institutions headquartered in the EU slightly decreased from 3,167 in December 2016 to 3,154 in March 2017.
Total assets of these credit institutions increased by 1.7%, from €33.41 trillion in 2016Q4 to €33.98 trillion in 2017Q1.
The end-March 2017 data refer to 345 banking groups and 3,090 stand-alone credit institutions operating in the EU (including foreign subsidiaries and branches), covering nearly 100% of the EU banking sector balance sheet.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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