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European bank profits rise to post-crisis peak despite lower revenues in 2018 - capital ratios down for the first time

February 28, 2019
In 2018, net income at the major European banks climbed to its highest level since the financial crisis. Lower administrative expenses and a further fall in loan loss provisions to multi-year lows more than made up for a decline in revenues. Whereas net interest income stabilised, fee and commission income as well as trading income declined. Banks took a bit more risk, and risk-weighted assets edged up. Total capital remained flat despite higher profits as banks increased returns to shareholders and implemented the new IFRS 9 accounting standard. Consequently, capital ratios declined for the first time since 2008. The gap between European banks and their US peers remained huge as the latter benefited from higher interest rates and lower corporate taxes. [more]

More documents about "International"

77 (73-77)
March 20, 2006
74
Life expectancy and health spending have been increasing for decades the world over. This life extension trend is an important engine of growth: investment in education brings higher returns; lower mortality raises population growth. However, the speed and impact of the trend cluster are still underestimated: forecasts of life expectancy and the size of the health sector are probably still too low - making the need for adjustment in the political and business community greater than many people have thought. [more]
August 1, 2005
75
Human capital is the most important factor of production in today's economies - and education is an investment that generates higher incomes in future. The growth stars of the coming years identified in our introductory study base their success on major gains in human capital. The success stories of Spain and South Korea show that political changes can have a lasting impact on human capital. [more]
March 23, 2005
76
Substantiated, long-run growth forecasts are in the limelight following the New Economy disappointments and repeated crises in the emerging markets. With the help of "Formel-G", we identify the sources of economic long-term growth and generate forecasts for 34 economies until 2020. India, Malaysia and China will post the highest GDP growth rates over 2006-20 according to our "Formel-G" approach. Strong population growth, a rapid improvement in human capital and increasing trade with other countries allow average GDP growth of more than 5% per year in these three countries. Ireland, the USA and Spain are the OECD economies expected to grow most quickly. [more]
August 1, 2002
Analyst:
77
The internet presents new challenges in taxation. The imposition of a turnover tax on e-commerce is hampered by the difficulties involved in identifying the consumer. It is nearly impossible to apply the destination principle, which is standard practice internationally. In the taxation of profits, international companies might obtain new scope for optimising their tax burden. Both aspects may lead to erosion of the tax base. At present, however, the volume of e-commerce is still too small to trigger serious fiscal problems. [more]
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