HomeCBDCDigital Euro UpdatesExclusive Interview with De Standaard and La Libre Belgique

Exclusive Interview with De Standaard and La Libre Belgique

In an interview with Luis de Guindos, Vice-President of the ECB, he addresses concerns about banks making excessive profits. He acknowledges that bank profitability has increased due to widening interest rate margins, with the return on equity of euro area banks now at around 10%. However, he notes that this improvement is short-term and expects profitability to decline in the long term. Factors such as a slowing economy, higher default rates, increased costs of attracting deposits, and falling demand for credit contribute to the unsustainability of high bank profitability.

Read more

PHP Code Snippets Powered By : XYZScripts.com