The total number of credit institutions in Germany (including legally dependent building and loan associations) fell by 160 throughout the year to 1,519 institutions. While the consolidation process has been moderate, especially since 2008, it has been gradually picking up the pace again since 2016.

The total number of branches in Germany underwent a significant contraction of almost 10% in 2021. This development reflects the impact of digitalisation on distribution channels due to greater use of online services as well as cost-cutting measures undertaken in a challenging competitive environment. As in 2020, the coronavirus pandemic also markedly accelerated the pace of this development.