Bank ranking after three quarters

Small banks, which are more flexible and more considerate towards their clients’ needs, managed to increase their market share in the third quarter, unimpressed by the rhetoric of the heads of big banks, who continue to preach that only 5-6 high calibre players will make it. Volksbank grew by 0.6 percentage points in three months, climbing from 15th to 11th in the asset ranking. Hot on its heels is OTP, which caught up quickly, expanding by 0.3 points and moving up from the 22nd to 16th. Piraeus went up by 0.1 points, reaching 18th. In the upper end of the ranking, the most dramatic move was the fall of ING Bank from 4th place to 9th, after assets of the Dutch bank dropped by over 70% against June. BRD-SocGen achieved the most aggressive growth, boosting its market share by another 1.2 percentage points, reaching 16.7% overall.