Number of banks reached 42.0 banks in 2019 in Austria, according to the National Central Bank. This is 10.5 % more than in the previous year.
Historically, number of banks in Austria reached an all time high of 1,252 banks in 1987 and an all time low of banks in. When compared to Austria's main peers, number of banks in Germany amounted to 259 banks, 38.0 banks in Hungary, 229 banks in Italy and 246 banks in Switzerland in 2019.
Austria has been ranked 40th within the group of 140 countries we follow in terms of number of banks, 5 places behind the position seen 10 years ago.