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- Number of credit institutions declined further in 2016, bringing the cumulative decline since 2008 to 25%
- Euro area banks' median CET1 ratio rose to 15.4 % in 2016, from 14.4 % in 2015
- Financial sector expanded in 2016, reflecting growth in both banks' and non-banks' assets
- Assets in the investment fund sector grew by 7% in 2016
The number of credit institutions in the euro area banking sector declined by 25% between 2008 and 2016, according to the ECB's 2017 Report on financial structures (RFS) published today. On an unconsolidated basis, the number of credit institutions at the end of 2016 was 5,073, having fallen from 5,474 at the end of 2015. On a consolidated basis (i.e. entities belonging to the...
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