Page 13 - The Banks Article

Bank Profit

The banks have still not completely recovered from the

financial crisis as according to the Boston Consulting Group
while finance firms created economic profit of 159bn

($167bn) in 2015 a fifth annual increase the industry

remains 9bn in the red on a cumulative basis from 2009 to
2015 (8).

European lenders have not posted an annual economic

profit during 2009 to 2015 (Diagram 5) while in the same

period banks in Asia-Pacific, South America, and the Middle
East and Africa have posted an economic profit every year.

Diagram 5: Bank Profit Ref 8