CEE banking sector more profitable than in Western Europe – UniCredit
Banks in the central and eastern European (CEE) region are still more profitable than those in western Europe, a study prepared by the department of strategic analysis of the UniCredit company implies.
The return on banks’ assets in the CEE region in 2006 to 2008 was on average two per cent; while between 2010 and 2014, it was 1.4 per cent, according to the study. In 2015 and 2016, it should fall to 0.8 per cent, with the situation in Russia having the biggest impact on the return on assets.
In the CEE, about two-thirds of total revenues in this sector is net interest income, i.e. traditional banking fees.
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(Photo: Marcin Rolicki/sxc.hu)
