How much deposits can the bank attract with its new equipment in 2024

How has the banking sector changed in 2023?

Deposits from households rose by 1.4% compared to a year earlier, while business deposits decreased by 0.1%. Data also confirms the upward trend in the total assets held by EU banks, expanding in 2023 for the sixth consecutive year and amounting to €43.6 trillion.

How much did deposit rates increase in 2023?

Their deposit rates increased significantly: The weighted average yield on household deposits in the eurozone rose from just 0.7 percent in January 2023 to 1.5 percent by October 2024, according to a McKinsey analysis of ECB data.

How many banks opened a deposit account in 2023?

Finalta’s analysis of data from more than 200 banks worldwide shows that in 2023, the banks opened 291 deposit accounts per 1,000 active customers, on average, up 17 percent from 2021 (Exhibit 2).

How much money do EU banks hold in 2023?

Data also confirms the upward trend in the total assets held by EU banks, expanding in 2023 for the sixth consecutive year and amounting to €43.6 trillion. Findings include a slight decrease in reliance on deposits as a source of funding with the share of deposit liabilities over total assets reaching about 57% last year.

How did banks perform in 2023?

The six state-owned banks saw their net profit growth fall from 5.5% in 2022 to 1.5% in 2023, remaining positive. However, joint-stock commercial banks and foreign-funded banks experienced negative growth in net profits, with growth rates of -3.7% and -4.9% respectively.

What was the return on equity of traditional banks in Q4 2024?

Sources: Company announcements and ECB (supervisory data). Notes: Panel a: in Q4 2024 the median return on equity of traditional banks stood at 9.9%, 2.9 percentage points higher than that of digital banks. Panel b: cost of household deposits calculated as median ratio of total interest expenses to total volumes of deposits, annualised.