Brussels, 13/10/2014 (Agence Europe) - European banks are relying increasingly heavily on deposits to finance their activities, according to a report on structural changes in the euro area banking sector, which was published by the ECB on Monday 13 October.
“The gradual shift to deposit funding continued in 2013 with the median share of customer deposits in liabilities rising to 52%”, the ECB report states. At the same time, bank reliance on wholesale funding has fallen further, with...