Sunday August 31, 2014 Search
Weather | Athens
31o C
24o 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)  
Disappearing inflation heightens Draghi concerns
Ministry launches work experience program for unemployed graduates
Tax burden in Greece among EUs heaviest, study reveals
Coalition bent on protecting weaker groups
Traveling on public transport in Athens gets cheaper
Commuters will pay 20 cents less for tickets allowing them to use all modes of public transportation in Athens as of Monday, though they will be valid for 70 minutes rather than 90 as was th...
Push made for cuts in education as merger scheme fails
Finance Ministry officials are pressing the Education Ministry to cut costs after it emerged that a program for merging university and technical college departments failed to save 68 million...
Inside News
SOCCER
Tough draw for Greek sides in Europe League Greek stage
Following Thursday nights high, when all three Greek teams competing in the Europa League made it into the group stage of the competition, a harsh reality struck Friday as they found out wh...
JUDO
Greek judoka Iliadis triples up as Aguiar stuns Tcheumeo
Greek star Ilias Iliadis claimed his third world title in the under-90kg category in Chelyabinsk on Friday as Brazilian Mayra Aguiar and Colombian Yuri Alvear won gold in the womens under-7...
Inside Sports
COMMENTARY
Keeping an eye on international developments
The Ukrainian crisis may herald the start of a second Cold War, while there is no shortage of analysts comparing the current international climate to that of 1914 in the runup to World War I...
EDITORIAL
A few good men
It gives us a great deal of hope that we have a new batch of mayors and regional authorities, as well as university rectors who represent the voice of reason and prudence and are unafraid to...
Inside Comment
SPONSORED LINK: FinanzNachrichten.de
SPONSORED LINK: BestPrice.gr
RECENT NEWS
1. Traveling on public transport in Athens gets cheaper
2. Push made for cuts in education as merger scheme fails
3. Govt aims to curb measures, secure loans, allow tax relief
4. DIMAR chief Kouvelis hints about presidency
5. French expert says Crete crocodile in good health, aged 4-7
6. Tensions mar regional ity swearing-in ceremony
more news
Today
This Week
1. Keeping an eye on international developments
2. A few good men
3. Disappearing inflation heightens Draghi concerns
4. Two men drown off Crete coast in strong tides
5. Push made for cuts in education as merger scheme fails
6. Traveling on public transport in Athens gets cheaper
Today
This Week
1. Attack on gay couple in Athens leaves one man needing surgery
2. Purification rituals
3. The battle against progress
4. Thessaloniki mayor Boutaris sworn in wearing yellow star amid Golden Dawn protests
5. Athens finalizes Paris talks goals
6. Strong undersea quake occurs off island of Milos, felt in Athens
Find us ...
... on
Twitter
... on Facebook
About us  |  Subscriptions  |  Advertising  |  Contact us  |  Athens Plus  |  RSS  |   
Copyright 2014, H KAΘHMEPINH All Rights Reserved.