ESBG
The European Savings and Retail Banking Group
The voice of savings and retail banks at the heart of EU decision making
An advocate for a proportionate approach to banking rules
ESBG members have total assets of €6,38 trillion, provide 313 billion euros in loans to SMEs and serve 163 million Europeans seeking retail banking services. ESBG unites at EU level some 873 savings and retails banks, which together employ 610.000 people driven to innovate at more than 41.000 branches.
24
MEMBERS
20
COUNTRIES
873
SAVINGS & RETAILS BANKS
6,38
TRILLION ASSETS(EURO)
163
MILLION EUROPEAN CLIENTS
3.6
TRILLION-LOANS TO NON BANKS (euros)
610000
EMPLOYEES
41000
BRANCHES
ESBG represents the locally focused European banking sector, helping savings and retail banks in European countries strengthen their unique approach that focuses on providing service to local communities and boosting SMEs.
ESBG members support the development of a single market for Europe that adheres to the principle of subsidiarity, whereby the European Union only acts when individual Member States cannot sufficiently do so
Pluralism and diversity in the European banking sector safeguard the market against shocks that arise from time to time, whether caused by internal or external forces. Members seek to defend the European social and economic model that combines sustainable economic growth with high living standards and good working conditions.
ESBG members come together to agree on and promote common positions on relevant matters of a regulatory or supervisory nature.
ESBG members are being represented in various multi-stakeholder groups and industry bodies where their common position is being voiced.
ESBG latest
28/03/2024
IASB Exposure Draft (ED) on Financial Instruments with Characteristics of Equity
On 29 November 2023, the International Accounting Standards Board (IASB) proposed amendments in an Exposure Draft to tackle challenges in financial reporting for instruments with both
20/03/2024
ESBG’s response to the EFRAG Comment Letter on Financial Instruments with Characteristics of Equity
On 29 November 2023, the International Accounting Standards Board (IASB) proposed amendments in an Exposure Draft to tackle
19/03/2024
The CSDDD dilemma or how to choose between Kant and Machiavelli?
“The European Union is currently facing a Machiavellian moment in History” according to Thomas Gomart, the director of the French Institute of Foreign Affairs (IFRI)[1]. Indeed, the European Union is…
14/03/2024
ESBG advocates for increased clarity and streamlining of supervisory reporting requirements
On 14 March, ESBG submitted its response to the European Banking Authority (EBA) consultation on ITS amending Commission Implementation Regulation (EU) 2021/451 regarding supervisory reporting
A single voice
We assemble and disseminate contributions to EU policymaking through a single voice, provide up-to-date information on technological and marketing advances through information on trends on products and services, and present opportunities to network and build relationships with like-minded institutions in a series of committees and task forces.