The surge in European bank merger and acquisition (M&A) activity shows no sign of slowing down, driven by domestic deals and a rise in interest by non-bank investors, according to a recent report ‘Sustained momentum around bank M&A in Europe’ by Scope Ratings.
“This trend was picking up before Covid-19 because of the digital pressures and the low interest rate environment,” says Dierk Brandenburg, an analyst at Scope Ratings. “But now as we come out of the pandemic it’s really taking off.”