Positive financial performance in the international banking sector
Alhonsuo, Sampo; Haajanen, Jyrki (22.09.2005)
JulkaisusarjaBank of Finland. Financial Market Report
Julkaisun pysyvä osoite onhttps://urn.fi/URN:NBN:fi:bof-201408075083
Financial statements for the first half of the year indicate that the outlook for the international banking sector is good. In the Nordic countries and Europe, performance was boosted by the favourable development of returns and an increase in business volumes, combined with low loan losses. Also in the United States, Japan and China banks continue to earn good profits and post rapid growth. The performance level for 2004 should be exceeded clearly if banks' performance continues unchanged for the remainder of the year.