* indicates monthly or quarterly data series

Banking system z-scores, 2021:

The average for 2021 based on 41 countries was 13.85 index points. The highest value was in Luxembourg: 51.67 index points and the lowest value was in Iceland: 1.28 index points. The indicator is available from 2000 to 2021. Below is a chart for all countries where data are available.

Measure: index points; Source: Bankscope
Select indicator
* indicates monthly or quarterly data series


Countries Banking system z-scores, 2021 Global rank Available data
Luxembourg 51.67 1 2000 - 2021
Sweden 39.35 2 2000 - 2021
Austria 30.91 3 2000 - 2021
Denmark 26.42 4 2000 - 2021
France 19.98 5 2000 - 2021
Albania 19.06 6 2000 - 2021
Slovakia 18.93 7 2000 - 2021
Malta 18.41 8 2000 - 2021
UK 18.11 9 2000 - 2021
Belarus 17.12 10 2000 - 2021
Finland 17.11 11 2000 - 2021
Spain 16.92 12 2000 - 2021
Portugal 16.09 13 2000 - 2021
Germany 16.05 14 2000 - 2021
Belgium 15.45 15 2000 - 2021
Switzerland 15.34 16 2000 - 2021
Bosnia & Herz. 15.29 17 2000 - 2021
Italy 13.17 18 2000 - 2021
Netherlands 13.04 19 2000 - 2021
Norway 12.57 20 2000 - 2021
Ireland 10.99 21 2000 - 2021
Serbia 10.35 22 2000 - 2021
Czechia 10.34 23 2000 - 2021
Romania 10.34 24 2000 - 2021
North Macedonia 9.52 25 2000 - 2021
Montenegro 8.93 26 2003 - 2021
Moldova 8.72 27 2000 - 2021
Estonia 8.42 28 2000 - 2021
Bulgaria 7.87 29 2000 - 2021
Croatia 7.39 30 2000 - 2021
Turkey 7.29 31 2000 - 2021
Latvia 7.11 32 2000 - 2021
Hungary 7.07 33 2000 - 2021
Poland 7.05 34 2000 - 2021
Russia 6.87 35 2000 - 2021
Greece 6.64 36 2004 - 2021
Cyprus 6.07 37 2000 - 2021
Ukraine 5.18 38 2000 - 2021
Lithuania 5.12 39 2000 - 2021
Slovenia 4.49 40 2000 - 2021
Iceland 1.28 41 2000 - 2021



Definition: The index captures the probability of default of a country's banking system. Z-score compares the buffer of a country's banking system (capitalization and returns) with the volatility of those returns. It is estimated as (ROA+(equity/assets))/sd(ROA); sd(ROA) is the standard deviation of ROA. ROA, equity, and assets are country-level aggregate figures. Calculated from underlying bank-by-bank unconsolidated data from Bankscope.
This site uses cookies.
Learn more here


OK