Saturday March 7, 2015 Search
Weather | Athens
20o C
11o C
News
Business
Comment
Life
Sports
Community
Survival Guide
Greek Edition
Eurozone had fewer financial institutions in 2013, says ECB

The number of banks and financial institutions in the euro area continued to decline in 2013, falling by 3.8 percent from the figure in 2012, the European Central Bank said on Tuesday.

"On January 1, 2014 there were 6,790 MFIs (monetary financial institutions) resident in the euro area, compared with 7,059 on January 1, 2013," the ECB said in a statement.

The drop was sharpest in Cyprus, where the number of MFIs dropped by 26 percent, followed by a decline of 17 percent in Greece and 16 percent in Luxembourg, the central bank calculated.

Over the longer term, the number of financial institutions in the single currency area has declined by 31 percent since January 1, 1999, despite the enlargement of the eurozone with the accession of Greece in 2001, Slovenia in 2007, Cyprus and Malta in 2008, Slovakia in 2009, Estonia in 2011 and Latvia in 2013, the statement said.

The region's economic powerhouses, Germany and France, accounted for 42 percent of all euro area MFIs, approximately the same share as recorded a year ago, the ECB added.

Looking at the wider European Union, there were 8,746 MFIs resident in the EU on January 1, 2014, a net decrease of 330 units or 3.6 percent since January 1, 2013.

Compared with the situation on January 1, 1999, when there were 10,909 MFIs in the EU, there has been a net decrease of 2,163 units or 20 percent, the ECB said. [AFP]

ekathimerini.com , Tuesday Jan 21, 2014 (15:31)  
ECB asks for cut in recognized deferred tax assets
New NPLs in Jan-Feb put at 2 billion euros
Interest alive in property investment sector
Businesses reluctant to tap financing
Greece sends proposals, but no decision due at Mondays Eurogroup
Greece submitted to Eurogroup chief Jeroen Dijsselbloem Friday an outline of seven reform proposals to form the basis for discussion at Mondays meeting of eurozone finance ministers, but th...
Samaras braces for second round of in-party strife
After a marathon meeting of New Democracys MPs where party chief Antonis Samaras sought to affirm his status as top dog inside the conservative opposition, the former prime minister is brac...
Inside News
BASKETBALL
What a difference a year makes, for Olympiakos
Just over one year after Olympiakos's drabbing at the hands of Armani Milano, the Greeks returned to northern Italy and scored a nine-point victory to stay alone on top of their Euroleague g...
TRACK & FIELD
Tsatoumas just misses out on a Euro medal
Louis Tsatoumas narrowly missed out on a medal at the European Indoor Championships in Prague on Friday, as despite faring below his usual standard he was third until up to the last few jump...
Inside Sports
COMMENTARY
PISA, Schengen, mediocrity and isolation
Greeces most serious problem is not the economic and political crisis, though it did contribute greatly to it. At the root of our evil lies our great isolation, not only from our partners i...
EDITORIAL
New blood, fresh ideas
New Democracy needs new blood and fresh ideas. Former Prime Minister and conservative chief Antonis Samaras should be credited with keeping Greece on its feet and he is one of the very few p...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. What a difference a year makes, for Olympiakos
2. Tsatoumas just misses out on a Euro medal
3. ECB asks for cut in recognized deferred tax assets
4. New NPLs in Jan-Feb put at 2 billion euros
5. Interest alive in property investment sector
6. Businesses reluctant to tap financing
more news
Today
This Week
1. BoG chief Stournaras briefs PM Tsipras on ECB's decisions on Greece [Update]
2. Cash-strapped Greece repays first part of IMF loan due in March
3. Greek and German bruisers limber up for 'rumble in the eurozone'
4. Greece must repay loans in full, bailout fund head says
5. Greek reforms list cites tackling evasion, fiscal savings, source says
6. Greece sends new letter with details on reforms, sources in Brussels say
Today
This Week
1. Greece to make international protest over Turkey reserving Aegean air space
2. The Greek tax drama
3. Varoufakis to make six reform proposals at Monday's Eurogroup
4. Tsipras reversal draws Greek sympathy as party rumblings rise
5. Greece's lenders skeptical on new bills but focus on funding needs
6. A unionist agenda
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2015, H KAΘHMEPINH All Rights Reserved.