21 January 2013

PRESS RELEASE CONTINUED DECLINE IN 2012 IN THE NUMBER OF MONETARY FINANCIAL INSTITUTIONS IN THE EURO AREA AND IN THE EU

On 1 January 2013 the total number of monetary financial institutions (MFIs)1 in the euro area stood at 7,059. This is a net decrease of 474 units (-6%) in comparison with the situation a year ago. With a few small exceptions, declines occurred across the whole of the euro area. In the European Union (EU) as a whole, there were 9,076 MFIs, a net decrease of 511 units.

Number of MFIs