In this respect, a number of euro area banks have considerably expanded their interests outside the euro area. However, cross-border activity within the euro area is still relatively limited, even though it is gaining in importance: a trend gradually increasing the level of competition and efficiency in the financial system.
Management and advertisement services  -2  -3  Insurance and finance  -4  -5 -10 Source: Statistics Canada  -5  0  5  %  10  15  20  25  30  Average nominal growth (2016–19)  Note: Bubble size corresponds to scale of exports in billions of dollars.