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European banks’ returns on equity (ROE) face a five-year slump, with UK banks still well below their pre-Covid-19 profitability in 2025, according to new research from McKinsey.
ROE will remain as low as about 7% in the UK and 5% in the European Union, according to the consultancy.
Across Europe, banks could see their common equity tier-1 (CET1) ratios fall as low as 8%. That compares with CET1 ratios going into the crisis of around 12% or 13%.
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