The commentary analyses the German savings and cooperative banks’ FY 2022 results Summary highlights from the commentary include: • Cooperative banks and savings banks have reported 2022 results that appear relatively weaker compared to other German and European banks. However, this is due due to large markdowns on their security portfolios. Excluding these impairments, underlying operating results have clearly improved. • The markdowns as required by German accounting standards in contrast t...
With prolonged ultra-low interest rates affecting European banks’ revenues, in 2020 it will be key for banks to reduce operating costs further, while maintaining necessary investments in IT, regulatory and compliance requirements. Other key themes that DBRS Morningstar considers important in 2020 include the importance of banks having adequate controls in place to manage operational risks, regulators and investors making increasing demands on banks to recognise the impact of climate change, an...
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