Pre-tax profits across the world’s Top 1000 banks in The Banker’s 2017 ranking have fallen compared with figures from the 2016 ranking – if only by $2bn to about $1068bn.
Starting from a low base, the share of pre-tax profits of western European banks in the ranking has further decreased. Banks from the region have shed 2.78 percentage points compared with The Banker’s last ranking, leaving western European banks with only 12.91% of global profits. This is largely due to aggregate losses by banks in Greece, Italy and Portugal, and lower profits recorded by banks in Germany, Switzerland and the UK.
