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Euro area bank profitability and consolidation

Author

Listed:
  • Édouard Fernandez-Bollo
  • Desislava Andreeva
  • Maciej Grodzicki
  • Lise Handal
  • Rose Portier
Abstract
La consolidación del sector bancario del área del euro ha avanzado con lentitud desde que terminó la crisis financiera global, pese a la persistente debilidad de la rentabilidad bancaria. La pandemia de coronavirus (COVID-19) ha acrecentado los riesgos para la rentabilidad de este sector en el área del euro, y ha coincidido con una peor evolución de algunos bancos, en especial de aquellos con un nivel excesivo de préstamos dudosos acumulados. La consolidación de entidades bancarias puede reportar beneficios desde la perspectiva tanto micro- como macroprudencial, mediante la generación de sinergias de costes, una mayor diversificación de los ingresos y el fortalecimiento de la resiliencia del sector bancario. No obstante, este proceso comporta riesgos de ejecución que los bancos deben gestionar de forma adecuada. La consolidación puede dar lugar a problemas de competencia, aunque la evidencia empírica sugiere que en algunos países del área del euro hay margen para una mayor concentración nacional, y también para aumentar la integración transfronteriza del mercado bancario europeo. Las fusiones bancarias también incrementan la relevancia sistémica de las entidades resultantes, que podría afrontarse con los marcos macroprudenciales y de resolución existentes. El Banco Central Europeo analiza las consolidaciones desde una perspectiva prudencial, y centra la atención en la capacidad actual y futura de la entidad combinada para cumplir los requerimientos prudenciales. A tal fin, en enero de 2021 publicó una Guía en la que aclara sus expectativas y su enfoque en relación con tres aspectos prudenciales clave que se plantean en el contexto de las consolidaciones: la determinación de los requerimientos de capital de Pilar 2, el tratamiento del fondo de comercio negativo (badwill) y el uso de modelos internos.

Suggested Citation

  • Édouard Fernandez-Bollo & Desislava Andreeva & Maciej Grodzicki & Lise Handal & Rose Portier, 2021. "Euro area bank profitability and consolidation," Revista de Estabilidad Financiera, Banco de España, issue Primavera.
    • Handle: RePEc:bde:revist:y:2021:i:5:n:4
    Note: 40
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    File URL: https://www.bde.es/f/webbde/Secciones/Publicaciones/InformesBoletinesRevistas/InformesEstabilidadFinancera/21/4_Consolidation_FSR.pdf
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    References listed on IDEAS

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    2. Bolívar, Fernando & Duran, Miguel A. & Lozano-Vivas, Ana, 2023. "Business model contributions to bank profit performance: A machine learning approach," Research in International Business and Finance, Elsevier, vol. 64(C).

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