The European Union's banking industry experienced significant fluctuations in its return on equity (ROE) over the past two decades. After a sharp decline in 2020 due to the COVID-19 pandemic, the sector witnessed a remarkable recovery and growth. The ROE rebounded from a low of 2.31 percent in 2020 to 6.77 percent in 2021, followed by a further increase to 7.22 percent in 2022. By 2023, the ROE reached an impressive 9.29 percent, marking the highest level since 2007.
Return on equity (ROE) of the banking industry in the European Union (EU) from 2007 to 2023
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ECB. (August 4, 2024). Return on equity (ROE) of the banking industry in the European Union (EU) from 2007 to 2023 [Graph]. In Statista. Retrieved November 22, 2024, from https://www.statista.com/statistics/1259170/roe-eu-banking-industry/
ECB. "Return on equity (ROE) of the banking industry in the European Union (EU) from 2007 to 2023." Chart. August 4, 2024. Statista. Accessed November 22, 2024. https://www.statista.com/statistics/1259170/roe-eu-banking-industry/
ECB. (2024). Return on equity (ROE) of the banking industry in the European Union (EU) from 2007 to 2023. Statista. Statista Inc.. Accessed: November 22, 2024. https://www.statista.com/statistics/1259170/roe-eu-banking-industry/
ECB. "Return on Equity (Roe) of The Banking Industry in The European Union (Eu) from 2007 to 2023." Statista, Statista Inc., 4 Aug 2024, https://www.statista.com/statistics/1259170/roe-eu-banking-industry/
ECB, Return on equity (ROE) of the banking industry in the European Union (EU) from 2007 to 2023 Statista, https://www.statista.com/statistics/1259170/roe-eu-banking-industry/ (last visited November 22, 2024)
Return on equity (ROE) of the banking industry in the European Union (EU) from 2007 to 2023 [Graph], ECB, August 4, 2024. [Online]. Available: https://www.statista.com/statistics/1259170/roe-eu-banking-industry/