ECB Analysis Shows European Banks Capitalizing on Transition

European banks are building a competitive edge in chasing opportunities tied to the green transition, according to Frank Elderson, executive board member of the European Central Bank.

Lenders in the region “are emerging as industry leaders” in managing sustainable funds and underwriting green bonds, Elderson said in a speech in Frankfurt on Wednesday. Staying ahead is “crucial, as we reflect on the broader competitiveness of banks and Europe as a whole,” he added.