The majority of Europe’s major banking groups have reported falling
overall earnings for the half-year period (see table).
Retail and consumer banking figures, plagued by rising bad debts
and decreasing wealth, were particularly badly hit.

Nevertheless, the results were largely viewed
positively, with many analysts forecasting upwards figures for the
second half of 2009.

RESULTS

Europe – interim 2009 results from
15 selected banking groups

 

Group pre-tax profit
(€bn)

% change
year-on-year

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Retail banking profit
(€bn)(1)

Santander

5.9

-5.3

4.85

HSBC

3.53

-51

-0.88

Barclays

3.47

8

0.99

BNP Paribas

3.16

-9.3

1,340

Deutsche Bank

3.13

n/m

0.26

BBVA

4.03

-11

n/d

Nordea

1.65

-7

n/d

la Caixa

1.25

-3.8

1.10

UniCredit

1.93

-57.4

1.61

DnB NOR

0.66

-20

0.18

Société Générale

0.32

-86.9

1.30

Sberbank

0.16

-92.2

n/d

Deutsche Postbank

-0.16

n/m

n/d

Commerzbank

-1.37

n/m

0.004

Lloyds Banking Group

-4.66

n/m

0.429

Figures converted into euros. n/m=not
meaningful. n/d=not disclosed. (1) refers to subsidiaries either
wholly or primarily focused on consumer banking and may be an
estimate figured derived by RBI
Source:
RBI