The combined net income of Europe’s 20 largest banks reporting their results rose to 103 billion euros from 78 billion euros in 2022.
The total revenue of Europe’s largest banks in 2023 will exceed 100 billion euros for the first time. Bloomberg reported this.
It was noted that three quarters of the twenty banks recorded individual historical profits.
The combined net income of Europe’s 20 largest banks reporting their results rose to 103 billion euros from 78 billion euros in 2022.
As the publication writes, “the sharp increase in profitability allowed banks to increase the amount of funds they returned to investors and increased their shares: the index of regional banks grew by approx. about 20% last year.”
Let’s recall that by the end of 2023, solvent banks of Ukraine received 86.5 billion hryvnias in net income. This is almost four times higher than the 2022 figure and 12% higher than the 2021 results.
It was previously reported that the world’s largest banks cut more than 60 thousand jobs throughout the year.
Source: korrespondent
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