BANKING IN EUROPE:
FACTS AND FIGURES 2021
Data show that in 2020, European banks continued consolidating to increase efficiency and enhance profitability with a focus on digital financial services to meet the changing needs of customers, especially young adults.
The European Banking Federation (EBF) has published Facts & Figures 2021, its annual update on the banking sector in Europe. Building on 2020 data by the European Central Bank (ECB), the statistical publication provides users with a unique perspective on the structure, performance, lending, and deposits trends in European banking alongside a country-by-country overview.
The Banking statistics 2020 shows that contraction continues in the European banking sector shaping a financial system based on efficiency and stability. The total number of credit institutions continues declining: since 2008, the number of credit institutions has fallen by one-third. Compared to 2019, the number of branches decreased by almost 8% as banks intensify the use of digital banking. Nevertheless, the number of branches of non-EU banks has increased by 20%. Meanwhile, employment in the sector is decreasing at a slower pace. The sector employed over 2.2 million people in the European Union by the end of 2020.
Lending to households and businesses increased with NFC loans outstanding in the EU reaching the highest level since 2008. The total deposits from businesses and households grew by 10% to €14.8 trillion in the EU. Deposits from households rose 7.6% compared to a year earlier while business deposits increased 18.6%. The data also reveals the upward trend in the total assets held by EU banks, expanding in 2020 for the third consecutive year, amounting to €39.2 trillion.