Western European banks have mounted a strong comeback, faring much more strongly in the 2014 Top 1000 World Banks profit rankings than they did in 2013. Last year, thanks to dismal performances from Spanish, Irish and Greek lenders, which made huge losses in some cases, the region’s aggregate pre-tax profits amounted to just 1.6% of the global total. Even Africa, despite having far fewer banks in the Top 1000, did better.
Philip Alexander reports on the full results of The Banker’s Top 1000 World Banks ranking 2014, in the story Top 1000 World Banks 2014: Back on track?