Tuesday, 3 December 2024, 15:30 CET

Spanish banks enjoyed a strong Q3 driven again by high interest margins and low provisions. The challenge now is to return to steady loan growth while generating more commissions as interest margins shrink. Extension of the bank tax could erode profits.

Italian banks have revised their 2024 earnings forecasts after strong nine-month results underpinned by resilient net interest income, a rebound in fees, and solid credit quality. Lenders are now focused on stabilising profits through the rate cycle.

Homeowners in some European markets prefer floating-rate mortgages while others prefer longer-dated fixed interest rates. Given that borrowing costs are all linked to the same ECB rates, this is somewhat counter intuitive.

Global Capital has opened the call for nominations for its European Securitization Awards 2025. Awards are selected following a two-stage process: nominations will form the basis of a shortlist for each award that is then voted on by market participants.

The recent UK Court of Appeal ruling in favour of consumers on undisclosed commissions on car finance is expected to have a moderate impact on UK banks rated by Scope, reducing profits at some banks but not posing systemic risk.

Post-summer seasonal effects pushed September collections up 71% month-on-month, but volumes were 40% lower than the September 2022-2023 average.

Scope proposes an update to its CRE Loan and CMBS Rating Methodology and calls for comments from market participants by 4 December 2024. The proposed update clarifies and refines Scope’s analytical approach.

With sovereign credit quality reflecting fiscal and economic challenges, the Draghi report offered valuable insights into how to address some structural issues facing the euro area. But the report was notably silent on the contribution of covered bonds.

DNB’s acquisition of Carnegie, subject to regulatory approval, marks a strategic move that strengthens the Norwegian lender’s business model while opening up growth opportunities in the Nordic region.