Eurozone bank network getting smaller

The number of banks in the Eurozone fell by almost 4 percent in 2013, according to data published on the 21 January 2014 by the European Central Bank .

There were 6,790 monetary financial institutions (MFIs) based in the euro area at the start of 2014, compared with 7,059 the year before, a 3.8 percent reduction.

• Primary Source

European Central Bank: Press Release, 21.01.14: Decline in the number of monetary financial institutions continued in 2013 http://www.ecb.europa.eu/press/pr/date/2014/html/pr140121.en.html

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