European Central Bank Releases Consolidated Banking Data for September 2024
Data reveals significant growth in total assets and changes in asset quality among EU credit institutions.
The European Central Bank (ECB) has published consolidated banking data for the end of September 2024, offering a detailed overview of the EU banking system.
According to the report, the total assets of EU-headquartered credit institutions increased by 5.01% from €31.54 trillion in September 2023 to €33.12 trillion in September 2024.
Furthermore, the report indicates that the aggregate non-performing loans ratio for EU credit institutions rose by 0.07 percentage points year-on-year, reaching 1.96% in September 2024. This metric is critical for assessing the health of banks, as it reflects the proportion of loans that are considered at risk of default.
In terms of profitability, EU credit institutions reported an aggregate return on equity of 7.65% as of September 2024. Additionally, the Common Equity Tier 1 (CET1) ratio, a key measure of financial stability, stood at 16.26%, indicating the capacity of banks to absorb potential losses.
The data was compiled from a comprehensive sample that includes 344 banking groups and 2349 stand-alone credit institutions and non-EU controlled subsidiaries and branches operating within the EU. This representation accounts for nearly 100% of the balance sheet of the EU banking sector.
The quarterly report encompasses various indicators across multiple dimensions, including profitability, capital adequacy, asset quality, and liquidity.
The reporting aligns with International Financial Reporting Standards and incorporates European Banking Authority’s Technical Standards on Supervisory Reporting.
However, it is noted that smaller institutions may use national accounting standards, which could influence the aggregates presented.
The published data also contains revisions to previous figures, and further details on the methodology used for data compilation can be accessed through the ECB's Data Portal.
The ECB continues to provide critical insights into the banking sector, supporting transparency and informed analysis of economic health across the European Union.
According to the report, the total assets of EU-headquartered credit institutions increased by 5.01% from €31.54 trillion in September 2023 to €33.12 trillion in September 2024.
Furthermore, the report indicates that the aggregate non-performing loans ratio for EU credit institutions rose by 0.07 percentage points year-on-year, reaching 1.96% in September 2024. This metric is critical for assessing the health of banks, as it reflects the proportion of loans that are considered at risk of default.
In terms of profitability, EU credit institutions reported an aggregate return on equity of 7.65% as of September 2024. Additionally, the Common Equity Tier 1 (CET1) ratio, a key measure of financial stability, stood at 16.26%, indicating the capacity of banks to absorb potential losses.
The data was compiled from a comprehensive sample that includes 344 banking groups and 2349 stand-alone credit institutions and non-EU controlled subsidiaries and branches operating within the EU. This representation accounts for nearly 100% of the balance sheet of the EU banking sector.
The quarterly report encompasses various indicators across multiple dimensions, including profitability, capital adequacy, asset quality, and liquidity.
The reporting aligns with International Financial Reporting Standards and incorporates European Banking Authority’s Technical Standards on Supervisory Reporting.
However, it is noted that smaller institutions may use national accounting standards, which could influence the aggregates presented.
The published data also contains revisions to previous figures, and further details on the methodology used for data compilation can be accessed through the ECB's Data Portal.
The ECB continues to provide critical insights into the banking sector, supporting transparency and informed analysis of economic health across the European Union.
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