Number of banks reached 7,861 banks in 2012 in European Union, according to the National Central Bank. This is 2.47 % less than in the previous year.
Historically, number of banks in European Union reached an all time high of 9,496 banks in 2001 and an all time low of banks in. When compared to European Union's main peers, number of banks in China amounted to 203 banks, 121 banks in Japan, 897 banks in Russia and 6,026 banks in USA in 2012.
European Union has been ranked 1st within the group of 169 countries we follow in terms of number of banks, 1 places above the position seen 10 years ago.