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Number of German Banks Declines While Fintechs Attack

  • Network of savings, cooperative banks shrinks by 5.1% in 2017
  • Bundesbank will publish report on consolidation next month
Inside The DMM Mining Farm As Japan Unveils Guidelines For Allowing Initial Coin Offerings
Photographer: Tomohiro Ohsumi/Bloomberg
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(Machine translation provided by Google and reviewed by Bloomberg editors.)

Even before Bundesbank will publish its annual statistics on the consolidation in the German banking industry in May, there are already indications that the total number of banks and branches has dropped even further. Banks from abroad or those focusing on very specific customer groups are among the few that are expanding.