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Financial reporting of European banks: benchmark study 2024
We have analysed the 2023 year-end reports of 26 banks in 12 European countries to understand better the impact of financial turbulence and ongoing geopolitical crises on their Expected Credit Losses. This study is the eighth in its series and follows from previous editions of the report since its launch in 2020.
A focus on Expected Credit Losses
The study mainly focuses on the ECL-related impacts, with key findings on:
· ECL charge impact of YE 2023 on the profit or loss and ECL allowances
· ECL allowances: changes in coverage ratios and allocation between stages
· Post-model adjustments/overlays
· Forward-looking information