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[CNA] Pressure on European banks' profitability will continue into 2022, says DBRS Morning Star

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[/ATTACH][BR] European banks will continue to face pressure on interest income, ratings agency DBRS Morning Star says, stressing that banks should focus on cost-saving programmes.

"We expect pressures on net interest income to continue into 2022, despite good results in 2021, underlying revenues are under pressure and this has been the case for several years and is one of the challenges facing European banks compared to their North American counterparts." said Vitaline Geterian, Senior Vice President for International Financial Institutions at DBRS Morning Star, during a webinar on the occasion of the firm's report on the outlook for European banks in 2022.

As he said, banks' results for 2021 showed an improvement which supports
(CNA)

CNA - Gregory Savva
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