(Finance) – The aggregate of the total assets of credit institutions based in the EU increased by 4.09% in the year ended the first quarter, from 31.34 trillion euros in March 2023 to 32.62 trillion euros in March 2024. This is according to the latest report on the subject by the European Central Bank (ECB).
In the same period, the overall ratio of bad loans of EU credit institutions increased by 0.10 percentage points year-on-year to stand at 1.93% in March 2024.
The return on equity EU credit institutions’ overall capital ratio was 2.49% in March 2024 (compared to 9.29% at the end of December 2023) and their Common Equity Tier 1 ratio was 16.07%.
THE data They concern 385 banking groups and 2,299 stand-alone credit institutions and third-country-controlled branches and subsidiaries operating in the EU, representing almost 100% of the EU banking sector balance sheet.