Financial services newsletter - Issue 2
Welcome to the second edition of our newsletter, where we cover some of the major developments across the financial services sector throughout the last quarter.
Over the past three years, the banking sector has had to endure numerous crises, including Covid-19 and the war in Ukraine. What do the 2023 interim results of the 26 largest banks in Europe indicate about the impact on Expected Credit Losses (ECL) in this unusual environment?
This benchmarking study analysed the 2023 interim reports of 26 banks in 11 European countries, to better understand the impact of financial turbulence and ongoing geopolitical crises on their Expected Credit Losses.
The study mainly focuses on the ECL-related impacts, with key findings on:
Download the Financial reporting of European banks – benchmark study H1 2023
In our analysis, we have focused on the comparison of AIB and Bank of Ireland with their European peers. The key observations from the Irish perspective are presented below:
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