The sector was described as stable by the IMF in September, but the ongoing conflict with Israel is set to change the outlook.

The mergers and acquisitions environment has been suppressed by inflation and rising interest rates so far.

An annual survey by McKinsey dives into the challenges to growth and profitability of European private banks. After a successful 2021, the industry is navigating an uncertain macroeconomic outlook and evolving client needs. 

Decline in revenue likely to continue into 2024, says Scope Ratings.

Despite the advance in the number of people accessing financial services in the region, those who have access to them still face struggles in terms of costs and indebtedness risk.

Global account-to-account transaction value surpassed $525bn in 2022 and is projected to grow at 13% to 2026. 

While net interest margins have peaked, the higher level of prevailing interest rates continue to play in the banks’ favour. 

While there has not been much change in the positions of the top 10 Indian banks by Tier 1 capital, it is sixth-largest lender, Kotak Mahindra Bank, that tops the performance table. 

The Landesbanken’s liquidity at the end of 2022 was very strong.