However, the picture for banks with less than $ million in assets is very different from the picture for larger banks. As can be seen in figure 5, the number of such banking organizations has declined by more than two-thirds since 1995.
Turning to inflation, headline inflation was 1.2% in June, according to Eurostat’s flash estimate, unchanged from May, which conceals lower energy prices and a recovery in services inflation, while measures of underlying inflation remained very subdued. On the basis of current futures prices for oil, headline inflation is likely to decline over the coming months before rebounding towards the end of the year.