An overall increase in Tier 1 capital by 17.97% or $1993.5bn, among the 250 EU banks shows that capital is no longer the biggest issue in Europe – only 14 lenders saw their capital base decrease.
The big winner in this year’s ranking is UniCredit, which moved up nine positions to eighth, thanks to a 78.9% increase in Tier 1 capital in 2017. Italy’s largest bank by both capital and assets has also turned its 2016 loss of $10.88bn into pre-tax profits of $7.82bn equivalent.
