The increase in funding rates paid to customers will put an end to the boom in revenues, margins and profits of European and Italian banks. A study by Bloomberg analysts points out that the peak of revenues has reached its maximum.
The estimates of the total revenues of European credit institutions for 2023 have thus gone from 557 billion (+16%) to 144 billion (+31.4%). A cycle that now, they explain, "is close to its maximum point" and that could stop or even shrink.