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Jan Schildbach

More documents written by Jan Schildbach

68 (25-36)
November 18, 2016
Region:
26
European banking sector results improved in the third quarter after a weak first half of the year. Still, all revenue components registered year-over-year declines, only partly offset by falling costs and lower loan losses. While credit growth remains nearly non-existent, deposit growth has picked up further momentum and is now at its strongest since 2009. This comes despite record-low borrowing costs for customers and deposit rates virtually at zero. Going forward, following the US election, one of the biggest unknowns is the future direction of prudential regulation at the global level, where changes could have a material impact on European banks. [more]
August 18, 2016
Region:
27
The European banking industry has gone into reverse gear this year so far, following substantial progress in 2014 and 2015. Its revenues and profits have relapsed into contraction, and the potential for lower loan loss provisions to come to the rescue seems exhausted. Once more, cost cuts have not kept pace with the retreat on the income side. In a market environment that continues to be very challenging, banks may have to resort to even tougher measures to put themselves on a sustainable footing again. [more]
June 21, 2016
Region:
28
After two years of recovery, European banks suffered a setback in the first quarter of 2016. Capital market revenues were hit by concerns about global economic growth and banks’ own business models. Cost cuts and a further decline in loan loss provisions helped only somewhat to smooth the fall in profitability. Still, net income was about the same as in Q1 2014, and progress continued in other areas. [more]
May 2, 2016
Region:
30
In September 2015, the European Commission set out its action plan to establish a Capital Markets Union in order to push for stronger and more integrated capital markets in the EU to better complement bank finance. Creating deeper and more liquid stock markets is crucial in this respect, and also a precondition for European financial centres to regain their position in a global context. Indeed, the total number of stock exchanges operating independently in the EU is astonishingly high, especially in eastern and south-eastern European countries. In addition, market capitalisation is highly concentrated in only a handful of exchanges, and in smaller markets also tends to be lower relative to economic size. [more]
March 17, 2016
Region:
31
Despite headwinds from slow economic growth, low interest rates and tighter regulation, European banks’ recovery continues. In 2015, banks’ core business with the private sector returned to growth, revenues rose and provisions for loan losses declined again. The sector has become more profitable and resilient. Challenges remain aplenty, but European banks are definitely heading in the right direction. [more]
December 18, 2015
Region:
32
With 2016 just around the corner, the outlook for the European banking sector in the new year looks more promising than it has been for almost a decade. Growth, though meagre, has returned to many business segments and regions. Despite unrelenting pressure on interest margins, total revenues are expanding. Asset quality is improving and profits in 2015 may be the highest since 2007. The biggest questions surround the future path of regulation (where another major round of tightening could paradoxically threaten the recently hard-won stability) and of the European and global economy (which has repeatedly and substantially surprised to the downside in recent years) in 2016. [more]
September 21, 2015
Region:
34
In German corporate lending business, the role played by the different banking groups varies considerably between individual industries. For instance, a relatively large share of loans to the manufacturing sector – and particularly the "core" of German industry, mechanical engineering and automotives – is provided by commercial banks. Lending to construction and agricultural firms, on the other hand, is dominated by savings banks and cooperative banks. The retail banks have also gained significant ground in the services sector over the past 10 years. Landesbanks have only two strongholds, utilities/mining and transport. [more]
August 21, 2015
Region:
35
After literally seven lean years, the European banking industry’s recovery from the financial crisis is now in full swing. Profits are at their highest level since 2007, revenues are growing across the board (helped by favourable currency effects) and loan losses are falling. Banks are also expanding business volumes. Capital ratios are on average substantially above Basel III requirements, though uncertainty has increased recently due to a pending further regulatory tightening (“Basel IV”). [more]
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