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Historic first half for European banks: More profitable than ever

28. September 2023
Region:
The banking sector in Europe is benefiting from a set of conditions which have allowed for the strongest bottom-line result on record, even surpassing the pre-financial crisis peak of 2007. Rising interest rates have led to a surge in net interest income, asset quality remains sound and provisions therefore contained, and banks maintain tight cost discipline. Capital and liquidity levels continue to be robust, considerable returns to shareholders notwithstanding. European banks have also caught up with their US peers with regard to profitability ratios, for the first time in many years. Further gains in this benign environment may be harder to achieve though. [mehr]

Weitere Dokumente zum Thema "Europa"

236 Dokumente
29. Januar 2024
Region:
1
Risk capital markets are key to financing the innovations needed for the twin transition. They spot promising startup companies and provide them with funding to realise their growth potential. Venture capital (VC) investment volumes in the EU have increased almost fivefold over the past decade. However, the market remains much smaller in Europe than in the US, making it more difficult for young European firms than their US peers to scale up. To grow further, VC firms in the EU need not only to overcome the current market slump, but also to address structural issues related to fundraising, scaling up investments, and the exit environment. [mehr]
9. Januar 2024
Region:
3
With exactly five months to go until the European Parliament elections on June 6-9 we are hereby launching our EU Election Monitor. This first edition is a primer answering key questions like:
Why do EP elections and the composition of the next EU Commission matter for the EU economy?
What do current polls tell us about the likelihood of a second VdL Commission?
What could be the main policy priorities of the next Commission?
Which legislative proposals might still be finalised in the current legislative term?
What a right-wing shift in the European Parliament would mean for EU policy making?
What is the impact of EP elections on the timing of potential Excessive Deficit Procedures under the EU fiscal rules? [mehr]
4. Januar 2024
Region:
4
The last 12 months have seen an impressive rebound of European banks which may have resulted in the industry’s most profitable year on record. Surging interest rates have played a major role, but resilient asset quality and a lower-than-feared impact of inflation on operating expenses have helped as well. A recovery in capital ratios – despite what probably have been the largest capital returns to shareholders since the financial crisis – rounds out a highly successful year. To pour a bit of water into the wine: business volumes were rather weak, in lending as well as in capital markets. Yet this is the flipside of the jump in rates and follows significant momentum over the previous years. Remarkably, the turmoil in the US and Swiss banking sectors in March has left no lasting scars. [mehr]
23. Oktober 2023
Region:
Autor:
6
Rhea Shah highlights three key conclusions from the European Insurance team’s annual ESG report on CEO compensation – in particular noting that 2022 pay was back above pre-Covid levels, and that targets look appropriate for the most part. The report assesses the extent to which variable remuneration metrics are aligned with shareholder expectations and wider stakeholder interests for over 20 CEOs.
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[mehr]
19. Oktober 2023
Region:
Autor:
7
Die EZB wird die Entwicklung des digitalen Euros – Zentralbankgeld für jedermann – weiter vorantreiben. Über die Ausgabe kann sie jedoch erst entscheiden, wenn der Brüsseler Gesetzgebungsprozess abgeschlossen sein wird. Schneller könnte die EZB Effizienzgewinne mit einer Wholesale-CBDC heben, wo sie mit der Arbeit begonnen hat. [mehr]
12. Juli 2023
Region:
Autor:
8
Um ihre strategische Autonomie zu stärken, drängt die EU auch für den Retail-Zahlungsverkehr auf ein Angebot aus europäischer Hand. Ein privatwirtschaftliches und ein staatliches Projekt werden derzeit vorangetrieben. Während die European Payments Initiative (EPI) auf der bestehenden Infrastruktur für Echtzeitzahlungen aufbaut und ihre digitale Geldbörse (Wallet) Anfang nächsten Jahres am Start sein soll, werden die rechtlichen und technischen Grundlagen für den digitalen Euro noch entwickelt. Da sich beide Lösungen leicht gegenseitig kannibalisieren könnten, würde Europa von einer besseren Koordinierung profitieren. [mehr]
9. Juni 2023
Region:
9
European banks are running at full steam, achieving the best start to a year since the financial crisis – the stress in March notwithstanding. Revenues have been buoyed by exceptional growth in interest income, while provisions for loan losses have fallen back again and costs remain in check. Capital and liquidity positions continue to be very robust, in spite of ample returns to shareholders and TLTRO repayments to the ECB. There are some clouds on the horizon though: interest rate increases are likely coming to an end and loan growth may slow further. [mehr]
12. Mai 2023
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Autor:
10
Banks’ domestic sovereign exposures in the euro area ballooned during the financial and European debt crises but have markedly declined since then. Still, with 5% of total assets and 76% of capital, they remain considerable and a risk on bank balance sheets, especially in light of the general exemption from capital requirements and concentration limits. Risk parameters differ between national banking markets, and the home bias remains high, at around 80%, as banks hardly diversify into other euro-area debt. The cross-country differences make it difficult for policymakers to agree on a fully mutualized European Deposit Insurance Scheme and thus complete the Banking Union. [mehr]
6. April 2023
Region:
11
Recent wobbles in US and European banking markets have been triggered by idiosyncratic issues at some institutions and broader uncertainty about the impact of central banks’ monetary tightening. However, capital and liquidity levels of the banking industry in Europe continue to be very robust. In addition, asset quality and profitability are the strongest since the financial crisis 15 years ago. Nevertheless, the market tensions are likely to result in banks tightening lending conditions for the private sector further and they could fuel discussions about the effectiveness and potential adjustments of some regulations. [mehr]
16. März 2023
Region:
12
London ist nach wie vor der führende Finanzplatz für OTC-Zinsderivate mit einem Marktanteil von 46% und einem durchschnittlichen täglichen Handelsvolumen von USD 2,6 Bill. Allerdings hat Großbritannien seit 2019 an Boden verloren – damals lag sein Marktanteil noch bei 51%. Gründe dafür sind sowohl die Abkehr vom Libor als auch die anhaltenden Bemühungen der EU-Behörden, mehr Derivate-Clearing in die EU zu holen. [mehr]
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