Bank Austria saw return on equity drop from 8.37% to 0.18% year-on-year in 2020.
Robert Holzmann, governor of Austria’s central bank, Oesterreichische Nationalbank, has helped to navigate the country through the global pandemic.
While the past 18 months have had a notable impact on the Austrian economy, the government has largely kept the country on track.
Learning the lessons of the global financial crisis, Austrian banks had built up their balance sheets and tackled bad loans before the pandemic hit.
The US Securities and Exchange Commission has threatened to sue the crypto exchange Coinbase if it launches its planned lending product.
As the OBIE seeks to widen the initiative to include ‘open finance’, it is important to consider the dangers and drawbacks.
Although the region has arguably been slow off the mark in the adoption of green bonds, things are starting to change.
Poland’s largest bank, PKO Bank Polski, saw pre-tax profits slump 109%.
Leading lenders saw net interest income increase despite tricky economic conditions.
Natixis CEO Nicolas Namias outlines his ambitions for the firm, following its recent delisting and acquisition by BPCE.
Financial services foreign direct investment rose in 2020 despite the pandemic and has remained robust this year on the back of generous state support.
Pre-tax profits slumped at leading lenders last year as the country’s heavily indebted private sector struggled with the pandemic.
As the country's central bank plans its central bank digital currency pilot, banks are concerned its introduction could cause funding costs to rise.
The NPL ratio at Bank of Cyprus, the country’s largest lender, fell from 41% in 2016 to 12.4% last year.
The consolidation drive is expected to continue into 2022, with domestic deals taking the lion’s share of activity.
Investec topped the South Africa performance rankings and climbed up 63 places in the overall Top 1000 ranking. Its ‘Big Four’ peers fared less well.
Nigeria’s banks have had a tough year, as the economy hit a two-decade low.
Indonesia’s biggest banks have slipped down the Top 1000 ranking, though some have grown their Tier 1 capital.
Japan’s banks held on in a volatile environment but saw little capital growth.
South Korea’s banks have had a good year for Tier 1 capital growth, which has helped several move up the Top 1000 ranking.