Announcements
Drinks
5/2/2025 Research EN
Digital euro: a wake-up call for banks to adapt and innovate
A digital euro can strengthen the resilience and autonomy of Europe’s payment ecosystem and preserve the relevance of European banks. But it also has a potential to weaken bank profitability, increase costs, and accelerate runs on deposits in a crisis.
4/2/2025 Research EN
ING, Goldman Sachs set to exit Russia; RBI faces legal provision related to failed asset swap
ING and Goldman Sachs’s decisions to sell their Russian subsidiaries marks a key step in mitigating reputational, legal, and financial risks. But finalising sales still presents challenges due to stringent local legislation and multi-stage approvals.
24/1/2025 Research EN
MPS bid for Mediobanca could reshape Italy’s financial landscape but faces hurdles
MPS’s hostile all-share bid for Mediobanca to form Italy's third-largest financial institution faces high execution risk due to differing business models and challenges in achieving sustainable synergies.
23/1/2025 Research EN
BPCE’s joint venture with Generali supports business diversification and profitability
The planned asset-management joint venture between BPCE and Generali supports BPCE’s strategic focus on business diversification, strengthening its franchise, growing its revenue base and addressing its profitability gap relative to other French peers.
23/1/2025 Research EN
European Bank Capital Quarterly: Capital positions remain sound, requirements manageable
European banks’ solvency profiles are generally robust. Strong profitability and RWA optimisation have supported capital positions and facilitated higher dividend payouts and share buybacks.
22/1/2025 Research EN
Bank Outlook 2025: Sound fundamentals in less benign rate environment amid geopolitical uncertainty
Banks are well positioned to weather a potential deterioration in the credit cycle. Scope’s bank ratings and issuer outlooks are largely stable, reflecting balanced upside and downside risks.
17/1/2025 Research EN
EU banks’ NPL Heatmaps: marginal increase in non-performing loan ratio
The consolidated non-performing loan (NPL) ratio of EU banks remained low in Q3 2024 but marginally rose quarter on quarter from 1.86% to 1.88%, according to most recent EBA data. Banks added EUR 2.7bn of new NPLs, bringing the total stock to EUR 376bn.
16/1/2025 Research EN
Covered Bond Outlook 2025: Credit stability in times of increasing uncertainty
We are constructive on European covered bond ratings. European banks entered 2025 in solid shape, while a stable European economy will support rating levels. But investors will need to remain vigilant for risks that could catch the market off guard.
