Comment & Analysis
European Private Banking Survey 2023: Strong interest margins mask a drop in profitability
European private banks enjoyed higher deposit margins in 2022, which helped them weather a drop in revenues from invested assets and another increase in the cost of doing business. As a result, profitability (as measured by the cost-to-income ratio) trended sideways. Private banks desiring to accelerate structural profitability in 2023…
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Click here to read the full story: McKinsey & Company