In the euro-area countries, foreign banks’ share of total assets averages about 20 per cent. The share of loans granted by non-domestic institutions has doubled in  1  European Central Bank, EU Banking Structures, 2008. 2  Committee on the Global Financial System, Foreign direct investment in the financial sector of emerging market economies, Bank for International Settlements, 2004.
3  European Central Bank, Financial Integration in Europe, 2009. 2  BIS Review 168/2009  the last ten years, rising from just under 4 to about 8 per cent of outstanding loans to EU residents (from 26 to 37 per cent for bank and financial counterparties).