ECB publishes consolidated banking data for end-June 2024
The European Central Bank (ECB) has published consolidated banking data for the euro area as of end-June 2024. The data cover a sample of 113 significant banking groups and provide a comprehensive overview of the size, structure, and performance of the euro area banking sector.
Total assets of the euro area banking sector amounted to €28.5 trillion at end-June 2024, up by 2.5% compared with end-June 2023. Loans to the private sector increased by 3.1% over the same period, reaching €16.2 trillion. Deposits from households and non-financial corporations amounted to €17.6 trillion at end-June 2024, up by 2.7% compared with end-June 2023.
The euro area banking sector’s Common Equity Tier 1 (CET1) capital ratio, a key measure of financial strength, stood at 12.9% at end-June 2024, up by 0.2 percentage points compared with end-June 2023. The leverage ratio, which measures the amount of capital relative to total assets, remained stable at 5.4%.
The profitability of the euro area banking sector declined in the first half of 2024. The return on equity (ROE) fell to 6.3% in the first half of 2024, down from 7.1% in the first half of 2023. This decline was mainly due to higher provisions for loan losses and a decrease in net interest income.
The ECB’s consolidated banking data are an important source of information for policymakers, market participants, and researchers. The data provide a comprehensive overview of the size, structure, and performance of the euro area banking sector and are used to assess the financial stability of the euro area.
For more information, please see the ECB’s press release on the consolidated banking data for end-June 2024.
ECB publishes consolidated banking data for end-June 2024
The AI has provided us with the news.
I’ve asked Google Gemini the following question, and here’s its response.
Bacno de España – News and events a new article on 2024-10-31 15:58 titled “ECB publishes consolidated banking data for end-June 2024”. Please write a detailed article on this news item, including any relevant information. Answers should be in English.
129