The stock market day
German banks hardly earn from private customers
07/20/2022, 07:20 am
Bankers run a tedious business in Germany:
In an international comparison, German private customer banks only make modest profits. Both in Austria and especially in Switzerland, banks work far more profitably. This is the result of an analysis of the European banking sector published by the management consultancy Strategy&.
The average private customer bank in Germany only made a profit of 180 euros per customer last year. That was 8 euros more than in 2020, but only tenth place out of twelve countries and world regions compared. Only banks in Great Britain and the USA had an even harder time.
Swiss financial institutions, on the other hand – benefited from the exchange rate – were in first place with a profit of 528 euros per customer. The consultancy, which belongs to the auditing company PwC, analyzed the results of around 50 private customer banks and banking groups in Europe, North America and Australia with a total of 690 million customers.