The financial system has proved remarkably resilient, so far, to rising interest rates. But cracks are starting to appear as these filter through to borrowers and credit losses start to mount.
Western Europe
Latest articles from Western Europe
Restructuring pays off for Germany’s biggest lenders
July 5, 2023Commerzbank and Deutsche Bank move up the best performing rankings as restructuring efforts bear fruit.
World
/ Western Europe
/ Italy
A mixed performance for Italy’s banks
July 5, 2023Italy’s largest lenders moved up in this year’s best-performing bank table, while last year’s top performers saw their fortunes wane.
World
/ Western Europe
/ Spain
Mixed fortunes for Spanish banks
July 5, 2023BBVA, Kutxabank and Banco de Sabadell are the three top performers in Spain this year, with the latter increasing its pre-tax profits by more than 87%.
Retail market hits French banks’ performance
July 5, 2023BNP Paribas is crowned France's best-performing bank for 2023, but pre-tax profits for most French banks are hit by characteristics unique to the French retail market.
Turkish banks’ performance boosted by record profitability
July 5, 2023Following record profitability for Turkish banks in 2022, Akbank is Turkey’s best-performing bank in this year’s rankings.
World
/ Western Europe
/ UK
UK building societies perform better than leading high street banks
July 5, 2023Major UK banks fall down the performance table, while building societies improve their positions.
Western Europe’s banks holding steady, for now
July 5, 2023UK challenger bank Monzo enters the Top 1000 for the first time and, against a backdrop of hyperinflation, Turkish banks dominate highest return on capital and assets in this year’s western Europe rankings.
World
/ Western Europe
/ UK
UK banks step up to address staff mental health issues
June 2, 2023UK banks and the wider financial services sector in the UK are taking measures to protect their employees’ mental health, according to Mental Health First Aid England.
Two major banks exit Ireland – who is filling the gap?
June 2, 2023In the Irish market – reflecting a wider trend – traditional banks’ loss has been NBFIs’ gain.