The euro zone's fragmented banking industry

Regulators are keen for more consolidation - both within and across countries - because they believe fewer, stronger lenders will boost the economy and enable euro area banks to compete more effectively with larger, more profitable rivals in the United States and Asia.

In Greece, Cyprus and the Baltic states, that share ranged between 88% and 95% in 2023, according to data from the European Central Bank analysed by Reuters. In Spain, where the top five credit institutions' 69% share of bank assets is close to the euro zone average, the number of banks has fallen to 10 from 55 before the global financial crisis.Euro zone banking concentration by country is, on average, higher than in the U.S., where the five biggest banks' assets share was 50% in 2021, data published by the Federal Reserve Bank of St Louis show.

Impediments to cross-border deals are even greater and include differing regulations and labour laws, the lack of a euro zone-wide deposit insurance scheme and politics.

مصر أحدث الأخبار, مصر عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

Euro zone May business growth at year high, PMI showsEuro zone May business growth at year high, PMI shows
مصدر: Investingcom - 🏆 450. / 53 اقرأ أكثر »

European stocks move higher as investors digest fresh euro zone inflation; JD Sports down 5.7%European stocks moved higher Friday afternoon as investors digested fresh euro zone inflation data and its implications for next week's European Central Bank rate decision.
مصدر: CNBC - 🏆 12. / 72 اقرأ أكثر »

European stocks choppy as euro zone inflation ticks up; JD Sports down 7.1%European stocks were choppy Friday after fresh euro zone data showed inflation picked up slightly in May.
مصدر: nbcsandiego - 🏆 524. / 51 اقرأ أكثر »

European stocks open slightly higher as investors follow UK election news and euro zone dataEuropean markets opened slightly higher on Thursday as traders digest the minutes of the last U.S. Federal Reserve meeting.
مصدر: NBCPhiladelphia - 🏆 569. / 51 اقرأ أكثر »

European stocks slightly higher as investors assess UK inflation and euro zone dataEuropean markets opened slightly higher on Thursday as traders digest the minutes of the last U.S. Federal Reserve meeting.
مصدر: CNBC - 🏆 12. / 72 اقرأ أكثر »