Specifically, consolidation efforts resulted in a decline in the total number of Austrian credit institutions from 1,053 at end-1994 to 882 at end-2004 while total assets on an unconsolidated basis increased from 369 billion euro to 653 billion euro over the same period. The unconsolidated return on assets (ROA) improved from 0.33% at end-1995 to 0.46% at end-2004.
Adjusting the level of foreign ownership to account for this collateralised lending shows that the decline in the foreign ownership share of AGS has been around 5 percentage points smaller (Graph 2). 4/9  BIS central bankers' speeches  Banking Sector The aggregate pattern of capital flows to the banking sector has not changed materially since I last spoke on this topic.