Banking Outlook. September 2019

Summary

The net profit of the system in the 1Q'19 was EUR 3.2 Bn. The key factors were weak revenues, cost control, and lower provisions. Deleveraging has continued, although since the end of 2018 there has been a slight upturn in total lending. The NPL ratio continues to fall and profitability has improved compared to 1Q'18.

Key points

• Key points:
• Developments in the Spanish banking sector
• European banks: ready for MREL?
• Leveraged loans: recent evolution and side effects
• A new TLTRO program begins
• Macroprudential policies in Europe

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