Banks and independent ATM deployers in the United Kingdom, Spain, Germany, France and Italy own and manage Europe’s five-largest ATM networks. However, smaller countries tend to get the most out of their ATMs, research data show.

 Deployers in Liechtenstein, Malta, Iceland, Luxembourg, Latvia, Cyprus and Estonia own and manage Europe’s smallest numbers of ATMs–fewer than 1,000 each. Liechtenstein, a landlocked country bordering Switzerland and Austria, takes top honors with the fewest at 24 ATMs as of the end of last year, according to the European ATM Security Team.

But the machines in those countries get used–a lot.

In Luxembourg, cardholders last year made 14.9 million ATM cash withdrawals, or 2,839 per ATM per month, which is higher than Western Europe’s average of 2,786 per month, says Andrei Charniauski, a Retail Banking Research associate, wrote PaymentsSource in an e-mail. Latvia’s cardholders last year made 49.7 million ATM cash withdrawals, or 3,372 per ATM per month, and Estonia’s cardholders last year made 46.3 million ATM cash withdrawals, or 4,430 per machine per month.

Latvia and Estonia’s monthly ATM cash-withdrawal averages were higher than Central and Eastern Europe’s average of 2,112 per month, Charniauski says

As of Dec. 31, there were 63,093 ATMs in the UK, 61,382 in Spain, 56,000 in Germany, 54,269 in France and 49,000 in Italy, according to the European ATM Security Team and the European Payments Council, which tracks ATM fraud in 23 counties with the Single Euro Payments Area.

Subscribe Now

Authoritative analysis and perspective for every segment of the payments industry

14-Day Free Trial

Authoritative analysis and perspective for every segment of the industry