Tuesday, March 12, 2013

Are European banks shrinking?

If you trust my data on major European champions, the answer is yes. One caveat of the below data is, however, that it only includes national champions and ignores boutiques. Even though it is, therefore, necessarily incomplete, the trends are still interesting.


Total Assets and Net Income


Total assets of the above financial institutions differ in absolute figures and currencies. In any manner, the negative tendency since mid 2012 is observable for all European champions.

For almost any bank, the net income evolution in 2012 has been negative. Only banks from Northern Europe and BNP Paribas constitute exceptions.


Employees



If you are looking for a job in a European bank, which banks should you approach? The surprising answer leads us to Spanish banks which are the only banks in the dataset having increased their headcount in 2012. However, I must admit that even Banco Santander and BBVA have reduced their numbers of employees slightly over Q4 2012.


Headcount Banco Santander / BBVA


If you are interested, you can find the data here.