The European banking sector remained resilient and steadfast in 2023 amidst a challenging and dynamic macroeconomic environment. Across our panel of leading European banks in Western and Southern Europe, our comprehensive report analyses their financial performance across a variety of metrics at a group level and across three different banking segments (retail banking, wholesale banking, and asset and wealth management).
We discuss how certain macroeconomic and structural factors have influenced the performance of the European banking sector and what the future holds for European banks once current macroeconomic uncertainty subsides.
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Benefitting from Tailwinds: European Banking Sector 2023
Overall, bank performance at group level remains positive in 2023. European banks experienced positive jaws (+3,7%) and revenue growth (+8,5%) over the past year. This has translated to improvements in total net banking income (+29%) and return on risk-weighted assets (RoRWA) (+0,19pp) over the same period. At a segmented level, retail banking grew at the fastest rate, experiencing +9% growth, followed by wholesale banking (+6%), and asset and wealth management (+3%).
ABOUT
Eurogroup Consulting London
Specialised in corporate and investment banking, we work alongside the largest banks and financial institutions, to help them face the challenges posed by the fast-evolving market.
Matthieu Prieuret
Partner - UK Office
