Consolidation and the EU banking sector

Author: Olly Jackson | Published: 16 Jul 2018

Challenger lenders are driving consolidation in the European banking sector

IFLR publishes its monthly poll question on and Linkedin group page Throughout the month, IFLR’s editorial team gather the responses and interview selected respondents. The next poll is online now

Banks are facing more challenges than ever before. The rise of digital and challenger banks, spurred on by the updated Payment Services Directive and the potential entry of big tech conglomerates into the market are causing incumbents to rethink strategies to react to the growing threats. One solution could be to merge with the competition to take on the newcomers together, and many are taking up – or at least considering – this option.

The number of banks in Europe has been steadily declining from the 8,525 EU-based credit institutions in 2008 to 6,660 in 2016. Bank mergers, such as that of Spain's Bankia and...



close Register today to read IFLR's global coverage

Get unlimited access to for 7 days*, including the latest regulatory developments in the global financial sector, updated daily.

  • Deal Analysis
  • Expert Opinion
  • Best Practice


*all IFLR's global coverage published in the last 3 months.

Read IFLR's global coverage whenever and wherever you want for 7 days with IFLR mobile app for iPad and iPhone

"The format of the Review has changed over the years; the high quality of its substantive content has not."
Lee C Buchheit, Cleary Gottlieb