Finance
Europe’s Banks Post Another Record Year as Profit Peak Nears
- Twenty largest lenders made combined €110 billion profits
- That’s allowing them to keep boosting investors payouts
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The European Union’s largest banks managed to post another record year for profit as interest rates remain elevated and lenders build out fee businesses.
Total net income at the 20 largest listed banks in the region rose 7.1% last year to €110 billion ($115 billion), according to data compiled by Bloomberg News. The gain followed a 36% jump in 2023.