Exciting news! The Significant Bank Database now includes a Slovakian bank: 365.bank. Welcome aboard! While Slovakia was already represented in our dataset (since most of its O-SII banks are subsidiaries of significant institutions designated by the ECB), this new addition further enhances the comprehensiveness of our database. As all bank-specific data in the database is consolidated, it naturally covers the subsidiaries as well.
In addition to expanding the dataset, we’ve also introduced two new variables:
A dummy variable indicating whether a bank (or its parent) is publicly listed.
A macroeconomic variable capturing the total assets of the country’s central bank.
This new macroeconomic variable, or especially its natural logarithm, is a powerful tool for analyzing the impact of large-scale quantitative easing (QE) programs on bank-specific metrics. The central banks in the sample are Norges Bank, Sveriges Riksbank, Danmarks Nationalbank, Seðlabanki Íslands, the Swiss National Bank, the Bank of England, and the ECB.
The accompanying figure highlights the stunning growth in the ECB’s balance sheet from 2009 to 2023. The surge since 2014 is nothing short of remarkable!
Finally, we would like to highlight an important detail: the dummy variable indicating listed banks is assigned a value of one even if only the parent company is listed. For instance, Volkswagen Bank is considered listed because its parent, Volkswagen Group, is publicly listed—despite the bank entity itself not being directly listed.
Stay tuned for more updates and insights from the Significant Bank Database!
