* indicates monthly or quarterly data series

Banking system z-scores, 2021:

The average for 2021 based on 27 countries was 15.27 index points. The highest value was in Luxembourg: 51.67 index points and the lowest value was in Slovenia: 4.49 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
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* 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
Slovakia 18.93 6 2000 - 2021
Malta 18.41 7 2000 - 2021
Finland 17.11 8 2000 - 2021
Spain 16.92 9 2000 - 2021
Portugal 16.09 10 2000 - 2021
Germany 16.05 11 2000 - 2021
Belgium 15.45 12 2000 - 2021
Italy 13.17 13 2000 - 2021
Netherlands 13.04 14 2000 - 2021
Ireland 10.99 15 2000 - 2021
Czechia 10.34 16 2000 - 2021
Romania 10.34 17 2000 - 2021
Estonia 8.42 18 2000 - 2021
Bulgaria 7.87 19 2000 - 2021
Croatia 7.39 20 2000 - 2021
Latvia 7.11 21 2000 - 2021
Hungary 7.07 22 2000 - 2021
Poland 7.05 23 2000 - 2021
Greece 6.64 24 2004 - 2021
Cyprus 6.07 25 2000 - 2021
Lithuania 5.12 26 2000 - 2021
Slovenia 4.49 27 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.
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