5-Bank Asset Concentration for Slovakia
DDOI06SKA156NWDB • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
99.06
Year-over-Year Change
7.48%
Date Range
1/1/2000 - 1/1/2021
Summary
The 5-Bank Asset Concentration for Slovakia measures the percentage of total banking assets held by the five largest banks in the country. This metric provides insight into the level of consolidation and competitiveness within the Slovak banking sector.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The 5-Bank Asset Concentration ratio is a common measure of banking industry concentration. It indicates the degree to which the largest banks dominate the market, which can have implications for competition, stability, and the distribution of economic power.
Methodology
This data is calculated annually by the World Bank using financial information reported by banks in Slovakia.
Historical Context
Policymakers and analysts use this metric to assess the health and competitive dynamics of the Slovak banking system.
Key Facts
- Slovakia's 5-bank asset concentration ratio was 71.54% in 2020.
- High bank concentration can reduce competition and innovation.
- Consolidated banking sectors are more vulnerable to systemic shocks.
FAQs
Q: What does this economic trend measure?
A: The 5-Bank Asset Concentration for Slovakia measures the percentage of total banking assets held by the five largest banks in the country.
Q: Why is this trend relevant for users or analysts?
A: This metric provides insight into the level of consolidation and competitiveness within the Slovak banking sector, which has implications for competition, stability, and the distribution of economic power.
Q: How is this data collected or calculated?
A: The data is calculated annually by the World Bank using financial information reported by banks in Slovakia.
Q: How is this trend used in economic policy?
A: Policymakers and analysts use this metric to assess the health and competitive dynamics of the Slovak banking system.
Q: Are there update delays or limitations?
A: The data is reported annually, so there may be a delay of up to one year in the most recent figures.
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Citation
U.S. Federal Reserve, 5-Bank Asset Concentration for Slovakia (DDOI06SKA156NWDB), retrieved from FRED.