ECB publishes consolidated banking data for end-March 2020

The European Central Bank (ECB) has published the consolidated banking data with reference to end-March 2020, a dataset of the EU banking system compiled on a group consolidated basis.

The quarterly data cover information required for the analysis of the EU banking sector, comprising a subset of the information that is available in the year-end dataset. The end-March 2020 data refer to 324 banking groups and 2,657 stand-alone credit institutions operating in the EU (including foreign subsidiaries and branches), covering nearly 100% of the EU banking sector balance sheet. This dataset includes an extensive range of indicators on profitability and efficiency, balance sheets, liquidity and funding, asset quality, asset encumbrance, capital adequacy and solvency. Aggregates and indicators are published for the full sample of the banking industry.

Large reporters apply International Financial Reporting Standards and the Implementing Technical Standards on supervisory reporting of the European Banking Authority, while some smaller reporters may apply national accounting standards. Accordingly, aggregates and indicators may also cover data based on national accounting standards, depending on the availability of the underlying items.

A few revisions to past data are disclosed together with March 2020 data.

Annex

The United Kingdom has been reclassified as a non-EU country in the consolidated banking data as of the first quarter of 2020, following the country’s withdrawal from the European Union on 31 January 2020. From the March 2020 data onwards, the assets held by UK-controlled subsidiaries or branches in the remaining 27 EU countries are classified as non-EU, and the United Kingdom is not included in the total consolidated assets figure used as a benchmark to classify the credit institutions across size groups. Hence, as of March 2020, the United Kingdom is also excluded from the compilation of EU aggregates and indicators.

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