The operating results of retail banks in eleven European countries grew by an average of 18 percent and their revenues by approximately eight percent last year.. Last year, equally as in 2021, Swiss banks earned the most profit per client with 426 euros. Austrian financial institutions ranked fifth out of eleven countries with a profit per customer of €292 and German banks ranked ninth with a profit per customer of €201.
In addition, compared European institutions to their competitors in the United States and Australia. The results of the survey revealed that, on average, European banks generated greater profits per consumer. However, in addition to significant interest rate increases by central banks, European retail banks’ profits were also bolstered by institutions’ cost-cutting initiatives in recent years.
