The EMU is a complex construct, a union of sovereign states making up a single market and sharing a single currency. States that are at the same time independent and interdependent, united and diversified, whose actions are linked and bound by common rules and institutions, while retaining sovereignty.
Total assets of the banking sector have continued the growth trend during this year, reaching the value of 5.05 billion Euros in October 2020, which represents an annual growth of 10.3 percent. The banking sector continues to enjoy high public confidence, which is also expressed by the continuous growth of deposits.