1/6/2023 Research EN
French banks: sound credit profiles resilient against tighter financial conditions
Pressure on French banks’ core profitability from tighter credit conditions is not denting their credit profiles. The recent round of results was solid and the prospect of better macroeconomic conditions in Europe is credit positive for the rest of 2023.
31/5/2023 Research EN
Webinar: Falling NPL ratios hide rising vulnerabilities
Tuesday, June 13th 2023 - 3:30 PM (CEST)
25/5/2023 Research EN
The Wide Angle – Bank resolution: living wills should come with marriage contracts
With yet another reassuring set of results behind them, Europe’s large banks look remote from resolution so now is a good time to reassess whether the existing resolution framework is still capable of delivering what it is expected of it.
24/5/2023 Research EN
Scope updates its covered bond rating methodology
The updated methodology, now final following a call-for-coment period, will apply to all covered bonds ratings.
23/5/2023 Research EN
European banks: tighter supervision of liquidity risks not a substitute for structural improvements
US banking turmoil and Credit Suisse’s sale to UBS have highlighted how vulnerable banks still are to bank runs. Supervisors are increasingly focusing on banks’ liquidity risks.
22/5/2023 Research EN
Spanish banks: net interest income boost more than compensates for bank levy
Spanish banks reported a strong set of first-quarter results, driven by year-on-year growth of 40% in net interest income, which more than offset the impact of the bank levy. Scope expects NII to be the main tailwind for stronger earnings in 2023.
17/5/2023 Research EN
Italian banks: strong Q1 results pave the way for a promising 2023
Prospects for 2023 earnings at Italian banks have improved. Latest projections point to year-on-year growth in net interest income of around 27% at the same time as cost of risk guidance was confirmed despite record-low levels in the first quarter.
16/5/2023 Research EN
US woes reveal where covered bonds are most vulnerable
Recent events regarding Credit Suisse and US regional banks have a direct read-across to covered bonds in that it was not credit quality but liquidity that led to the banks’ downfall, plus the crystallisation of market-value losses on high-quality assets.
11/5/2023 Research EN
Asset-quality review: falling NPL ratios hide rising vulnerabilities
We expect non-performing loans to rise in 2023 as inflation and higher interest rates weigh on demand and profits. This will reverse the trend of the past decade but banks are well prepared to face any deterioration in asset quality.
9/5/2023 Research EN
Party over for European homeowners
The uncertain economic environment continues to push European house prices lower. But challenges are also crystallising in net residential mortgage lending, which nosedived to almost zero in the half year to February 2023, only slowly reverting in March.