European Union:
Coronavirus Causes Negative Outlook For European Banks In 2020
27 March 2020
Finance Malta
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The Coronavirus Disease (COVID-19) outbreak together with a
significant oil price drop are creating loss of investor confidence
and significant disruptions in the financial markets. The situation
is rapidly evolving and while the full impact on European banks
remains uncertain, it will clearly be negative.
Key Highlights
- Pressure on net interest income is
likely to continue
- The extent of the impact on
delinquencies is uncertain, but impairment charges will
increase
- Measures announced by central banks
and governments provide some relief
- Market access for funding could
become more challenging or expensive
- European banks are in a stronger
position than 10 years ago
- Potential operational risk but
technology and regulators support business continuity
Read
the rest of the report from DBRS Morningstar
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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