Bank Austria saw return on equity drop from 8.37% to 0.18% year-on-year in 2020.
Western Europe
Latest articles from Western Europe
Austria's banking sector holds steady
September 20, 2021Robert Holzmann, governor of Austria’s central bank, Oesterreichische Nationalbank, has helped to navigate the country through the global pandemic.
Austria on path to a greener economy
September 20, 2021While the past 18 months have had a notable impact on the Austrian economy, the government has largely kept the country on track.
Austrian banks maintain their durability
September 20, 2021Learning the lessons of the global financial crisis, Austrian banks had built up their balance sheets and tackled bad loans before the pandemic hit.
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The hurdles ahead for open finance in the UK
September 16, 2021As the OBIE seeks to widen the initiative to include ‘open finance’, it is important to consider the dangers and drawbacks.
High rates boost net interest income at Turkish banks
September 15, 2021Leading lenders saw net interest income increase despite tricky economic conditions.
A moment of truth for Natixis
September 15, 2021Natixis CEO Nicolas Namias outlines his ambitions for the firm, following its recent delisting and acquisition by BPCE.
Ghosts of European debt crisis linger over Portugal’s banks
September 14, 2021Pre-tax profits slumped at leading lenders last year as the country’s heavily indebted private sector struggled with the pandemic.
Cypriot banks make progress in tackling bad loans
September 1, 2021The NPL ratio at Bank of Cyprus, the country’s largest lender, fell from 41% in 2016 to 12.4% last year.
European bank M&A forecast to accelerate
September 1, 2021The consolidation drive is expected to continue into 2022, with domestic deals taking the lion’s share of activity.
What impact did the global pandemic have on banks?
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