The Banker – the magazine of banking of the Financial Times group – published on 03 July 2017, its top 1 000 of the strongest banks in the world. In a focus on western Europe “France defies the dark figures of the western Europe” – it is learned that no less than 5 French banks have managed the feat of increasing their own funds. Credit Agricole, BNP Paribas, BPCE Group, Société Générale, and Crédit Mutuel – depending on the magazine – be proud of having recorded the majority of the profits in the region. Focus.
The 5 largest banks in western Europe are French
The banks rewarded by The Banker are classified according to their Tier 1. That is to say, the hard core of the own funds of financial institutions, consisting of the capital, the strongest held by the financial institutions.
The magazine financial stresses that once more, the banks of western Europe are lagging behind compared to other regions, because of the reduction of their equity. Exception – specifies The Banker – French banks who manage alone to limit the damage in the region.
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In addition, French banks have also increased their profits by 2017, compared to the ranking established by the magazine in 2016.