ESBG calls upon European Institutions to ensure a level playing field in response to EPI's new instant payment solution
Brussels, 25 April 2023 – “The European Savings and Retail Banking Group (ESBG) welcomes the announcement by the European Payments Initiative (EPI) on acquisitions, additional shareholders and the coming launch of its new instant payment solution”, said ESBG’s Managing Director, Peter Simon. “Now that the industry showed that they are capable to deliver, it is time for the European Institutions to follow”, he added.
“With this initiative, EPI – backed by its shareholder companies including major European banks and payment services providers- is building the foundation for a response to calls from the European Institutions – the European Commission and the European Central Bank – in their respective Retail Payments Strategies for home-grown, pan-European payment solutions”, mentioned ESBG’s Head of Payments, Digital Finance and Innovation, Diederik Bruggink.
“The solution EPI is currently building, will obviously need to establish itself in the existing competitive landscape as the unified solution and common innovation platform of the European payment ecosystem. In this context, a level playing field and a viable business model must be ensured by the European Institutions”, he added.
The European Payments Initiative announced today four additional shareholders to EPI, and confirmed its planned acquisition of payment solution iDEAL and payment solutions provider Payconiq International. These will support EPI’s vision to set up a new, innovative and unified payment solution for Europe.
The ESBG believed that this development will be the first stepping stone towards a home-grown, pan-European payments solution based on instant payments.
EPI addresses several building blocks identified by ESBG and the other European Credit Sector Associations in their policy paper for creating an integrated EU payments market, in which they observed the European payments landscape at a crossroads. The changing customer demands, the development of SEPA instruments by European banks, an intense regulatory focus and increased competition as well as innovation and technological changes have driven an ever-advancing European payments landscape in which much looks possible, but the risk of fragmentation lurks. Likewise, European authorities have indicated that payments form an important factor for European sovereignty and an important driver for the greater international role of the euro.
ESBG congratulates EPI and its shareholders for this announcement and for their persistence and is calling upon the European Institutions to continue their support to EPI.
Your Contact:
Diederik Bruggink
Head of Department – Payments, Digital Finance and Innovation
diederik.bruggink@wsbi.esbg
Phone: +32 2 211 11 21
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ESBG welcomes the newly issued analysis of the EP Think Tank on a digital euro while preserving its reservations
BRUSSELS, 20 April 2023 – The European Savings and Retail Banking Group (ESBG) takes note of the in-depth analysis of the European Parliament Think Tank on a digital euro, published on 18 April 2023. The document, prepared by the Economic Governance and EMU scrutiny Unit at the request of the European Parliament Committee on Economic and Monetary Affairs, is broadly positive on the preparatory work for a digital euro, currently carried out by the European Central Bank, but “doubtful on the wisdom of eventually launching a digital euro”. In parallel, the European Commission is working on a legislative proposal that will facilitate the rollout of a possible digital euro.
The analysis thereby seems to confirm what has been addressed by the latest ESBG paper, ‘A Digital Euro: what does it mean for savings and retail banks?’, published on 29 March, that stressed the need of addressing many open questions before a successful implementation of a digital euro would be feasible.
Notably, ESBG agrees with the reports’ conclusions on the need for a well-designed compensation structure for the services provided by banks and the analysis of the impact a possible digital euro could have on the banking sector.
“We are supportive of investigating digital money issued by the central bank”, says Sofia Lindh Possne, Chairwoman of the ESBG Task Force on Central Bank Digital Currencies (CBDCs). “Yet, a digital euro must be designed without causing any new vulnerabilities in the financial system”, she says, pointing at potential deposit outflows that would reduce banks’ capabilities to finance the economy, and highlights the need of a sustainable compensation model.
Apart from its potential negative impact on banks’ liquidity, it will be vital to maintain a level playing field in the European payments market, according to Diederik Bruggink, Head of Payments, Digital Finance and Innovation at ESBG, and recent efforts towards a pan-European digital payment solution must be taken into account. “Indeed, ESBG and its members welcome the digital euro as a logical representation of central bank money in the digital age. However, a digital euro needs to find its place in the already busy payments mix, and where it should respect the existing level playing field”.
Supportive of further embracing innovative payment solutions, ESBG looks forward to continue the constructive dialogue with involved stakeholders in the European Commission, the European Parliament and the European Central Bank.
Your Contact:
Astrid Satovich
Policy Advisor
astrid.satovich@wsbi-esbg.org
Phone: +32 2 211 11 36
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New EU Commission’s proposal on CMDI: a wider resolution scope with more funding
BRUSSELS, 19 April 2023 – The European Savings and Retail Banking Group (ESBG) welcomes the new legislative package adopted by the European Commission which aims to strengthen the current Crisis Management and Deposit Insurance (CMDI) framework.
ESBG members welcome that the dual approach is kept in the new proposal: i) resolution for failing banks that meet the conditions of the Public Interest Assessment (PIA) and ii) liquidation under National Insolvency Proceedings (NIPs) for the less significant institutions. However, ESBG members remain very sceptical about the extension of the resolution scope to smaller and medium sized banks by amending the criteria of the PIA and other consequences of such an approach. “Resolution should remain the standard approach for the few, not for the many to maintain financial stability.
In order to provide for financial means necessary to accommodate the far reaching changes of the European Commission, the proposal is putting national Deposit Guarantee Schemes (DGS) at risk. A balance needs to be respected not to erode trust in the banking sector in Europe”, said Georg Huber, Chair of ESBG’s Task Force on CMDI. ESBG members also take note of the further harmonization of the NIPs, which aims to tackle unintended dysfunctionalities generated by the plurality of national regimes.
“ESBG calls for an evolution not a revolution of the framework. We acknowledge that the EU Commission intends to enhance the global framework without upsetting the foundations of systems that have demonstrated their robustness in the past”, said ESBG Managing Director, Peter Simon. Further changes to the proposal might therefore become necessary to take the EU’s diversified banking sector on board. We are convinced that meaningful improvements can be achieved without detrimental effects to depositors.
With regard to the Commission’s proposal to facilitate the access of funding in resolution via DGS intervention to meet the required threshold of 8% of Total Liabilities and Own Funds (TLOF), ESBG is concerned that the Single Resolution Fund (SRF) could be depleted faster with the obligation for banks to replenish it accordingly. The banking industry has already contributed around €66 billion to the SRF which will stand at €80 billion by the end of 2023. This amount is 45% higher than the originally envisaged target level. Clarity and predictability are crucial for our members who must also fulfil high capital requirements.
In this context, ESBG is determined to voice its members’ concerns during the coming legislative process. We believe that the close cooperation among all stakeholders will be indispensable for a successful revision of the CMDI framework. ESBG expects the co-legislators to take into consideration proportionality aspects and the diversity of business models with prudence and avoid an ideological approach.
Your Contact:
Christophe Hennebelle
Policy advisor
christophe.hennebelle@wsbi-esbg.org
Phone: +32 2 211 11 62
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Global retail bank leaders meet in Colombia to discuss trends on sustainable finance, cybersecurity and financial education
Global retail bank leaders meet in Colombia to discuss trends on sustainable finance, cybersecurity and financial education
The conference was hosted by WSBI President, Mr Isidro Fainé (President at ‘La Caixa’ Foundation) and the WSBI Regional President for The America and Caribbean, Mr Diego Prieto (President at Banco Caja Social, Colombia). The World Savings and Retail Banking Institute (WSBI), based in Brussels, brings together 88 worldwide saving banks associations from 67 countries.
Isidro Fainé highlighted the social responsibility of banks to make a more prosperous, sustainable and equitable society. “In recent years, we have seen unprecedented movements in interest rates, suffered a chain of financial crises and had to adapt to drastic reforms in the regulatory frameworks of the banking sector. We are immersed in a complex, uncertain and unstable scenario.” The president reassured confidence when he added: “I am optimistic about our future. We are called upon to continue to conduct banking with a profound sense of social responsibility and to make a more prosperous, sustainable and equitable society a reality. At this time of growing inequalities, our social action takes on more importance than ever”.
Peter Simon, Managing Director of WSBI-ESBG stressed “We all have the responsibility to discuss and define what is our take as socially responsible banks and as global leaders in retail banking, amid a complicated economic outlook and the advent of new technologies. While it’s true that artificial intelligence is becoming increasingly sophisticated, and one day, with AI, we will be able to make smarter investment decisions than the best Wall Street analysts, it is important to remember that technology can never fully replace the human touch in serving communities. As our members know first-hand, serving communities requires more than trust financial expertise, it requires a deep understanding of the needs of the struggles of the daily lives of the people that we all serve”.
During the conference, leading financial experts from IFC (International Finance Corporation) World Bank, the WEF, CECA, Caixa Bank, Telefonica, Al Barid Bank (Morocco) and State Bank of India, amongst others presented success stories in digitisation and cybersecurity tackling sustainable finance and financial education as a means for financial inclusion.
Priorities for the coming years
Helmut Schleweis, President of DSGV German Savings Bank Association (DSVG) and Dominique Goursoulle-Nouhaud President Chairman of the National Federation of Caisses d’Epargne (FNCE) and also the President of the European Saving and Retail Banking Institute (ESBG), as keynote speakers, showed the solid commitment of the WSBI’s members to the latest WSBI General Assembly’s priorities in Paris in 2021. Financial inclusion, the promotion of sustainable finance, innovation, leveraging digitisation to promote proximity to the customer and reinforcing solvency in the framework of Basel IV, were the priorities set for the coming years.
The Conference was kindly sponsored by CaixaBank, Banco Caja Social, CECA, DSGV, Minsait (INDRA), and Movistar Empresas.
From the Press corner
Other publications from Latin America news outlets:
Press contact: Maria Maria Gaton Fraile
Head of Department – Communications
maria.gaton-fraile@wsbi-esbg.org
Tel.: +32 2 211 11 91
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WSBI-ESBG Managing Director Peter Simon appointed EBIC Chair
Peter Simon, WSBI-ESBG Managing Director
Brussels, 18 January 2023 – The EBIC announced today that Peter SIMON was appointed as Chair of the European Banking Industry Committee (EBIC) for a two-year mandate. Peter Simon, Managing Director of the World Savings and Retail Banking Institute – European Savings and Retail Banking Group (WSBI-ESBG), succeeds Wim Mijs, CEO of the European Banking Federation (EBF).
Nina Schindler, CEO of the European Association of Co-operative Banks (EACB), was appointed as the EBIC’s Vice-Chair. The overall secretariat, which rotates along with the chair, will be in the hands of the EBF as of today.
The change comes at a busy time for the EBIC with several critical pieces of legislation under negotiation by the co-legislators (CRR3, CRD6, AMLD6, AMLR, TFR, CCD, DMFSD) and the revision of the Crisis Management Framework (BRRD3) and Mortgage Credit Directive (MCD2) still to come.
Mr Simon said: “I look forward to facilitating, together with the secretariat of the EBF, the dialogue between the EBIC members and to ensure, that this platform channels the united views of the industry as efficiently and effectively as possible. I want to thank my predecessor, Wim Mijs and the secretariat of the EACB, for their work in the past two years and in particular for bringing together the EBIC associations on the topic of COVID and its consequence on society and banks.”
Established in 2004, EBIC is committed to giving the EU banking sector a common voice within the context of the Union’s legislative initiatives in finance and banking, maintaining an open and fruitful dialogue with the EU institutions and international bodies. As an advisory committee that is regularly called upon to provide expertise, EBIC is also a forum for the European banking industry’s representatives. Throughout the drafting, adoption, implementation, and enforcement process of financial legislation, EBIC ensures a representative and sound industry contribution toward better regulation across the EU.
Press contact: Nihan Cevirgen
Communications Manager
nihan.cevirgen@wsbi-esbg.org
Tel. +32 2211 1190
Captions Picture 2: From Left to Right: Nina Schindler, CEO of the European Association of Co-operative Banks | Peter Simon, WSBI-ESBG Managing Director | Wim Mijs, CEO of the European Banking Federation
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WSBI and BTN Collaboration Encourages Global Financial Digitalization and Inclusion
Brussels, 16 December 2022 - World Saving and Retail Banking Institute (WSBI), incollaboration with PT Bank Tabungan Negara (Persero) Tbk (BTN), held the 28th meeting of the WSBI Asia Pacific Regional Meeting. The meeting was held under the theme "Sustainable and Resilient - Savings and Retail Banks in the Post-Pandemic Era". The event was a follow-up to the results of the G20 summit in Denpasar, Bali.
WSBI Managing Director Peter Simon delivered the Paris Declaration to representatives of the Indonesian G20 Presidency. In his speech, Mr Simon insisted on the need for shared solutions to common problems that go beyond geopolitical division. To this end, he reiterated the main points of the Paris Declaration, which calls for harmonizing green taxonomies among jurisdictions following science-based, pragmatic principles. In line with the theme, there were a number of discussion topics at the Regional Meeting, which was held on December 15-16, 2022, in Bali, Indonesia. Among them are digitalization and financial inclusion, sustainability, green finance, innovation, fintech, and payments. These topics were elaborated from different perspectives: business side and regulatory.
WSBI delegation was led by WSBI – ESBG Managing Director, Peter Simon and the meeting saw the participation of many members such as the President Director of
Bank BTN, Haru Koesmahargyo, Shantan Yoosiri Senior Executive Vice President of Government Saving Bank Thailand, and a number of delegates from various countries and banks such as Imagin, CaixaBank, the Sparkassestiftung for International Cooperation, Germany, the Saving Bank of Thailand, Cambodian Bank, Xalk Bank Uzbekistan, Bostwana Savings Bank, Bostwana, the European Union Delegation to ASEAN, the European Investment Bank, European Union. This very intense three-day event was a great chance to concretely discuss best practices and share strategies both from the perspective of regulators and the banking industry. Participants learnt and discussed practical solutions to improve the reliability of green finance product data. Tools and strategies were presented for very advanced banks as well as for institutions catering for the less well-off. The European Investment Bank and the Indonesian Ministry for Housing and Public Works gave a bunch of concrete projects that are being launched in the region where socially responsible banks can play a crucial role while developing their green finance portfolio.
Media coverage in other languages
Article from : Liputan 6 (The 6 Report), Indonesian flagship television news program broadcasts on SCTV
Article from: Suara.com, a Indonesian news portal that presents informations from political, business, legal.
Article from: Media Indonesia is a national newspaper published since January 19, 1970
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ESBG welcomes EU Commission's legislative proposal on instant payments
BRUSSELS, 26 OCTOBER 2022. The European Savings and Retail Banking Group (ESBG) welcomes the European Commission’s legislative proposal on instant payments announced today. The ESBG hopes that the initiative will strengthen the efforts of savings and retail banks to make instant payments the new normal across the European Union.
Since its introduction, the ESBG has been supporting the development and roll out of instant payments, inter alia by encouraging its member banks to adhere on a voluntary basis to the European instant payments scheme (SCT Inst), one of the major building blocks of a future pan-European solution. Instant payments allow frictionless transfers within 10 seconds in all European countries and therefore support the ambition to strengthen the European sovereignty in the payments sector. However, the ESBG still considers that adherence should be measured in terms of number of accounts reached, rather than in terms of adhering banks and therefore stresses the importance of a more balanced approach in this respect. Nevertheless, we welcome that a differentiation has been made between banks within the euro area and banks within other EU member states when it comes to adhering to the scheme.
The ESBG especially welcomes the proposal’s attempt to streamline the approach to sanctions screening, for which it has been advocating as a key element to make instant payments effective while remaining safe.
“Relying on a daily client database screening, instead of forcing both the sending and the receiving bank to screen each and every cross-border transaction, will allow banks to offer pan-European innovative solutions while ensuring full compliance with AML/CTF rules and targeted financial sanctions regulations” said Fabrice Denèle, CEO BPCE Payment Services and Chair of the ESBG Payments Committee.
“I am very pleased to see that the suggestions put forward by the industry have been taken on board” he continued. “The ESBG was among the first associations to raise awareness on the topic to the political agenda and our regular talks with the European Central Bank have triggered the set-up of a Task Force on sanctions screening that in January 2022 delivered its report to policymakers. I am convinced that with this new approach the number of false positives will decrease drastically – hence increasing consumer trust”.
“ESBG member banks were already between the early adaptors of instant payments in euro”, said the association’s Head of Innovation and Payments, Diederik Bruggink.
“The first cross-border instant payment in euro took place between two ESBG member banks, notably between CaixaBank and Erste Bank, and also the first transaction in the European Central Bank’s instant settlement system TIPS was between to ESBG member banks, BPCE and CaixaBank”, he added.
The ESBG also welcomes the focus of the proposal on consumer protection, a long standing priority for all its member banks. It especially supports the decision to leave the concrete implementation of services known as Confirmation of Payee to the market, which demonstrates full trust in the ability of the industry to find the best solutions based on the specific needs of each Member State.
Finally, in taking note about the Commission’s position on the charging principles, the ESBG highlights that a long term sustainable business model benefiting all stakeholders is key not only to ensure the success of instant payments, but also to foster their innovative potential in the ecosystem.
Press contact:
Leticia Lozano, Senior Communications Adviser
leticialozano@wsbi-esbg.org
Tel. +32 2211 1196
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ESBG and EACB congratulate EU Commission’s Expert Group on its Open Finance report
BRUSSELS, 25 OCTOBER 2022. The European Savings and Retail Banking Group (ESBG) and the European Association of Co-operative Banks (EACB) congratulate the Expert Group on European financial data space of the European Commission on the finalisation of their Report on Open Finance, delivered yesterday to Commissioner Mairead McGuinness. The report provides an overview on the modalities for data sharing and reuse based on a specific number of illustrative use cases and describes the key components of an open finance ecosystem in the EU.
“Established in June 2021, the financial data space Expert Group provided advice and expertise to Directorate General for Financial Stability and Capital Markets Union (DG FISMA) in relation to the preparation of legislative proposals and policy initiatives to foster the establishment of a common financial data space in the EU. The EACB and ESBG were actively involved by working closely with their representatives within the Expert Group, namely: Juliana Pichler, Senior Manager for Group Regulatory Affairs & Data Governance at Raiffeisen Bank International; and Gilles Saint-Romain, Head of Digital European public affairs at Groupe BPCE.
Working with experts from different fields representing a broad range of stakeholders was an incredible learning experience” declared Juliana Pichler. “This report is very balanced and reflects the diversity of views between financial market participants, the outcome should help the reader to understand what is at stake and to make its own opinion.”
Gilles Saint-Romain stated: “We are convinced that a collaborative market driven approach allowing all EU economic actors to maximise innovation collectively is essential not only to have strong European market players in the lead of digital finance but also to bring more benefits to European customers”.
The ESBG and EACB believe that, for a data-driven economy to be successful, consumer protection and trust are the first prerequisite. A possible legal framework must avoid repeating the PSD2 model and instead be based on principles of mutual benefits, creating incentives for all market participants to join. The principle ‘same activity, same risks, same supervision, same rules’ should apply to all actors. This alone ensures a level playing field and a high level of consumer protection.
Building on the Report, the ESBG, EACB, and their members look forward to continuing the dialogue on open finance with the European Commission.
Press contact:
Leticia Lozano, Senior Communications Adviser
leticialozano@wsbi-esbg.org
Tel. +32 2211 1196
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New taxes on banks can affect economic growth
In the current context of high inflation and economic slowdown, and with the possibility of a recession in the horizon, it is more important than ever that savings and retail banks preserve their solvency. In this respect, the recent decision in some EU countries to impose new windfall taxes on the banking sector will further reduce the latter’s lending capacity to corporates and individuals.
BRUSSELS, 6 September 2022 – European savings and retail banks played a very relevant role during the Covid-19 pandemic, contributing to sustain businesses and families during lockdown periods and beyond, while closely cooperating with the authorities to avoid a credit crunch. They have also been publicly recognised in many jurisdictions as a relevant part of the solution to the post-pandemic economic recovery.
While the effects of the Covid-19 pandemics are still being felt, the EU economy is now facing a new crisis arising from supply chain shortages and the war in Ukraine, in which savings and retail banks continue to support their customers and economic activities in general. Even further, they are actively contributing to helping Next Generation EU funds reach the real economy, by providing additional funding through their extended network of branches covering the whole EU territory and through their expertise in risk assessment.
In the current context of high inflation and economic slowdown, and with the possibility of a recession in the horizon, it is more important than ever that savings and retail banks preserve their solvency. In this respect, the recent decision in some EU countries to impose new windfall taxes on the banking sector will further reduce the latter’s lending capacity to corporates and individuals. These sectorial taxes are discriminatory and unjustified, as the expected increase in interest rates is unlikely to lead to extraordinary profits in the banking sector (they can even decrease if NPLs start to grow). In fact, marginally higher rates simply represent the return to a normal situation after many years of very low profitability due to the negative interest rate environment, which, in turn, has also negatively affected returns to shareholders. These new taxes have also placed financial institutions in a difficult situation with their supervisors, as the requirement of not transferring their cost to customers goes against EU legislation (“EBA Guidelines on Loan Origination” state that loan pricing should include all the costs supported by banks, including taxes).
A tax on the banking sector may also undermine the social work undertaken by savings and retail banks. Social responsibility is a core value of our members; towards their clients, employees, communities, and the environment. In this context, policy makers should carefully consider the negative impact of taxation on banking foundations which have historically been involved in investing in local communities, fighting poverty, and helping those who are the most vulnerable in society.
The EU financial sector already contributes significantly to EU national budgets under the current tax framework, and it is ESBG’s view that what is needed in these uncertain times is a strong and competitive retail banking sector in Europe that continues to fulfil its key function as credit provider to companies (especially SMEs) and families alike. Therefore, any measure that can weaken the recovery of the EU economy should be carefully considered.
Finally, we are also warning against the risk of a fragmented EU tax system and calling for more tax harmonisation across EU countries. Additional taxation at national level is detrimental to a level playing field by distorting competition within the EU internal market. A particular source of distortion arises from shadow banking activity (e.g.: hedge funds) and other non-bank financial players (e.g.: big techs or credit cooperatives) which generally remain outside the scope of windfall taxes applied to the banking sector. For this reason, we believe that uncoordinated national initiatives in the field of taxation should be avoided at all costs in order to provide the necessary conditions for a fair and even distribution of financial services to European citizens and companies; especially SMEs.
Press contact:
Leticia Lozano, Senior Communications Adviser
Tel. +32 2211 1196
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Number of unbanked adult EU citizens more than halved in the last four years
Nevertheless, more than 13 million adults, or 4% of the adult population, face financial exclusion, according to an ESBG analysis of the Global Findex Database 2021, recently released by the World Bank.
BRUSSELS, 14 July 2022 – The number of unbanked citizens more than halved over the past four years, but more than 13 million adult EU citizens still lack access to formal financial services, with room for Europe’s savings and retail banks to continue contributing to financial inclusion.
The European Savings and Retail Banking Group (ESBG) conducted an analysis of the Global Findex Database 2021 recently released by the World Bank, and was pleased to find that the number of banked adults in the EU has climbed.
This significant improvement can be attributed to increased efforts from the banking industry, including notably the ESBG membership serving 162 million Europeans, as well as to an increased move towards digitalisation spurred by the pandemic.
“Financial inclusion is at the core of our members’ vocation and they put great efforts on serving individuals, families and SMEs, with a focus on leaving no one behind, which has surely contributed to the improvement of financial inclusion in the block”, said ESBG Managing Director, Peter Simon.
According to the World Bank Findex (which has no data for Luxembourg over 2021), 3,6 % of Europe’s population remain financially excluded, an improvement from the 8,2% reported in 2017. This percentage translates to some 13 million adult citizens being unbanked in 2021, down from close to 31 million in 2017.
Part of the remaining unbanked are probably less-digital savvy people and banks need to continue cater for that segment. Without any doubt, all the unbanked rely on cash to participate in the economy and therefore banks must play a responsible role regarding cash provision.
Looking at some European countries in detail, Romania suffers the highest no-account rate at 30,9%, while neighbour Bulgaria faces the second highest financial exclusion rate at 16%. Following them are Hungary (11,8%), Croatia (8,2%) and Portugal (7,4%). Compared to the 2017 data, Bulgaria showed nearly an 11 percentage points improvement from 2017 when they reported 27,8% of the population remained unbanked. The Czech Republic and Lithuania significantly improved their unbanked rates over the reported period, dropping out of the top 5 list of EU countries with the highest no-account rates, as Croatia and Portugal replaced the pair.
Best-in-class countries include Denmark, with hardly any unbanked people reported, followed by Germany (0,02% unbanked) and Austria (0,05%). These are followed by the Netherlands (0,3%) and Sweden (0,3%). Austria is the newcomer in this top 5, replacing Belgium. Nevertheless, Belgium, together with 10 other countries have more than 99% of their population participating in banking services.
Table: Financial inclusion in EU Member States, unbanked adults
(Sources and notes: Global Findex – 2021 data on Luxembourg is missing in Global Findex so has been omitted, analysis by WSBI-ESBG)
| 2017 | 2021 | |||
| Country | Unbanked adults 15+ | Relative share | Unbanked adults 15+ | Relative share |
| Austria | 137.700 | 1,84% | 3.761 | 0,05% |
| Belgium | 128.041 | 1,36% | 95.329 | 0,99% |
| Bulgaria | 1.697.604 | 27,80% | 947.642 | 16,03% |
| Croatia | 494.946 | 13,86% | 283.466 | 8,20% |
| Cyprus | 109.767 | 11,28% | 69.197 | 6,87% |
| Czech Republic | 1.703.016 | 19,01% | 456.366 | 5,06% |
| Denmark | 3.947 | 0,08% | 0 | 0,00% |
| Estonia | 22.137 | 2,01% | 6.929 | 0,62% |
| Finland | 9.866 | 0,21% | 21.861 | 0,47% |
| France | 3.270.789 | 6,00% | 419.374 | 0,76% |
| Germany | 613.053 | 0,86% | 16.765 | 0,02% |
| Greece | 1.341.302 | 14,53% | 473.335 | 5,12% |
| Hungary | 2.105.537 | 25,06% | 983.136 | 11,78% |
| Ireland | 173.372 | 4,66% | 13.310 | 0,34% |
| Italy | 3.255.366 | 6,21% | 1.401.949 | 2,71% |
| Latvia | 112.583 | 6,78% | 53.731 | 3,38% |
| Lithuania | 419.049 | 17,12% | 152.777 | 6,47% |
| Malta | 10.302 | 2,64% | 15.982 | 3,55% |
| Netherlands | 51.485 | 0,36% | 39.231 | 0,27% |
| Poland | 4.292.591 | 13,27% | 1.377.061 | 4,28% |
| Portugal | 681.086 | 7,66% | 658.625 | 7,35% |
| Romania | 7.039.982 | 42,25% | 5.031.950 | 30,88% |
| Slovak Republic | 727.964 | 15,82% | 201.923 | 4,38% |
| Slovenia | 43.408 | 2,47% | 16.937 | 0,95% |
| Spain | 2.474.022 | 6,24% | 689.696 | 1,70% |
| Sweden | 21.133 | 0,26% | 26.545 | 0,31% |
| Totals | 30.940.048 | 8,20% | 13.456.879 | 3,54% |
