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The Europe Banking Sectors : A Company and Industry Analysis (February 2004)
Mergent, Feb 2004, Pages: 40
Current Environment - Key Points
- Europe's banking environment has been negatively affected by international crises such as the 9/11 World Trade Center attacks, the Iraq war and the SARS outbreak that buffeted the global economy
- German stockmarkets revived in the second quarter of 2003 bringing about a recovery in German banks- equity trading revenues
- Euro-zone banks have shown continuous tightening of credit standards - more for corporate borrowers than for households
- The UK's banks performed the best in the region in 2003, with leading banks- market capitalization totaling US$422.733 billion on December 31, 2003
- Spending by European retail banks on customer relationship management (CRM) could increase from US$2.4 billion (2001) to US$3 billion (2004), as they shift from operational to analytical CRM
Industry Profile - Key Points
- Having weathered difficult economic conditions, the European banking industry remains one of the world's largest banking sectors in terms of size and value
- Combined total assets for Europe's leading 18 banks amounted to -8,399.1 billion (US$10,709.6 billion) in the first half of 2003
- Major French banks have enjoyed substantial growth in corporate and investment banking, due to strengthening of the country's capital market activities (particularly in fixed income)
- The Governing Council of the European Central Bank (ECB) acts as a decision-maker in matters concerning the euro area's monetary policy, with the main objective of sustaining overall price stability
- The European Banking Industry Committee (EBIC) was launched in early 2004 by Europe's banking industry federations to facilitate industry consultation by European Union (EU) institutions
Market Trends and Outlook - Key Points
- Banks are restructuring, mainly through mergers, cross-border mergers, and scope expansions to help resolve their banking system issues
- European banks- investments in e-banking solutions are expected to grow by 200% by 2005, reaching -450 million (US$573.8 million)
- E-banking is growing, improving financial access, particularly for small and medium scale enterprises (SMEs)
- Europe banks- shares have risen on hopes that the global economy is bouncing back to growth
- The future of Europe's banking industry will be largely dependent on the momentum of overall global economic recovery
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