After a significant drop during COVID-19, the asset growth rate of the European Union's banking sector stabilized in 2021 and remained between three and five percent until the second quarter of 2022. In the third quarter of 2022, the growth rate increased above five percent for the first time since the beginning of 2021, before dropping to 1.34 percent in the fourth quarter. Despite turning negative in the second quarter of 2023, it recovered back to 3.13 percent in the fourth quarter of 2023.
Asset growth rate of EU banking industry from 4th quarter 2007 to 4th quarter 2023
Data refer to domestic banking groups and stand-alone banks in the member states and institutions of the European Union. Year-on-year percentage change was calculated by Statista based on figures published by the European Central Bank.
Figures were rounded.
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Statista. (June 14, 2024). Asset growth rate of EU banking industry from 4th quarter 2007 to 4th quarter 2023 [Graph]. In Statista. Retrieved November 18, 2024, from https://www.statista.com/statistics/1218420/asset-growth-rate-eu-banking-industry-per-quarter/
Statista. "Asset growth rate of EU banking industry from 4th quarter 2007 to 4th quarter 2023." Chart. June 14, 2024. Statista. Accessed November 18, 2024. https://www.statista.com/statistics/1218420/asset-growth-rate-eu-banking-industry-per-quarter/
Statista. (2024). Asset growth rate of EU banking industry from 4th quarter 2007 to 4th quarter 2023. Statista. Statista Inc.. Accessed: November 18, 2024. https://www.statista.com/statistics/1218420/asset-growth-rate-eu-banking-industry-per-quarter/
Statista. "Asset Growth Rate of Eu Banking Industry from 4th Quarter 2007 to 4th Quarter 2023." Statista, Statista Inc., 14 Jun 2024, https://www.statista.com/statistics/1218420/asset-growth-rate-eu-banking-industry-per-quarter/
Statista, Asset growth rate of EU banking industry from 4th quarter 2007 to 4th quarter 2023 Statista, https://www.statista.com/statistics/1218420/asset-growth-rate-eu-banking-industry-per-quarter/ (last visited November 18, 2024)
Asset growth rate of EU banking industry from 4th quarter 2007 to 4th quarter 2023 [Graph], Statista, June 14, 2024. [Online]. Available: https://www.statista.com/statistics/1218420/asset-growth-rate-eu-banking-industry-per-quarter/
