EU banking sector stability report

The European Central Bank published a report on EU banking sector stability, prepared by the Banking Supervision Committee of the European System of Central Banks on 17 October.

EU banks' profitability continued to improve, consolidating upon the recovery that began in 2003. Overall, notwithstanding some differences across countries, EU banking sectors benefited from generally benign credit and liquidity conditions. The main drivers of the further improvement in profitability since 2003 were a

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