Filter all of our publications to find the ones you are most interested in by content language, date, geography and/or topic.
Sort our publications chronologically from newest to oldest, regardless of geography and/or topic matter.
Sort publications according to the number of time reads by our users, regardless of geography and/or topic matter.
January 12, 2015
NPL ratios are much higher in peripheral countries than in core countries (as well as coverage ratios); The stress test might have been benign for some banking sectors; The cost of risk in the stress test does not stay at 2013 levels as impairments in 2014 are usually lower than those of 2013.
December 1, 2014
The large volume of impairments which exceeds pre-provision income in several countries makes half of the banking sectors unprofitable in 2013 (Slovenian, Cypriot, Portuguese, Italian, Greek, Irish and Austrian). Some of these impairments are extraordinary and reflect the need of balance sheet repair ahead of the AQR. After several years since the beginning of the crisis, the high level of impairments continues to be the first drain on profitability. Therefore among the best performers we see banking sectors with low earnings generation capacity but which display low levels of impairments as result of their good asset quality. The most profitable banking sectors in 2013 are those from Luxembourg, France, Germany and the Netherlands (thanks to low impairments) as well as the Spanish, which combines a high level of pre-provision profitability with still high, but manageable, impairments.
