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, 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. In 2020, the assets of EU banking industry declined in every quarter, each quarter having measured lower growth rates than in any other quarters during the observed period. The asset growth rate of the EU banking industry turned negative in 2023. Moreover, the asset growth rate of the U.S. commercial banking industry also turned negative in 2023.
Asset growth rate of EU banking industry from 4th quarter 2007 to 3rd quarter 2023
Characteristic
Assets
Asset growth rate
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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. (February 10, 2024). Asset growth rate of EU banking industry from 4th quarter 2007 to 3rd quarter 2023 [Graph]. In Statista. Retrieved July 22, 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 3rd quarter 2023." Chart. February 10, 2024. Statista. Accessed July 22, 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 3rd quarter 2023. Statista. Statista Inc.. Accessed: July 22, 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 3rd Quarter 2023." Statista, Statista Inc., 10 Feb 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 3rd quarter 2023 Statista, https://www.statista.com/statistics/1218420/asset-growth-rate-eu-banking-industry-per-quarter/ (last visited July 22, 2024)
Asset growth rate of EU banking industry from 4th quarter 2007 to 3rd quarter 2023 [Graph], Statista, February 10, 2024. [Online]. Available: https://www.statista.com/statistics/1218420/asset-growth-rate-eu-banking-industry-per-quarter/