zeb/market flash (Issue 6 – July 2013) Banks from emerging markets lose their edge – European banks in search of sustainable strategies

Key topics

1. State of the banking industry

  • In Q2 2013, US and Western European banks exhibited solid TSR performances fueled by promising P&L results in Q1 2013
  • Investors, however, became cautious about BRICS and especially Chinese banks, leading to lower valuations and higher CDS spreads

2. Key banking drivers

  • The recession in Western Europe continued with negative growth rates for the fourth quarter in a row
  • Sovereign interest rates remained low but increased in Q2 2013 as the US Federal Reserve considered adopting an expansive monetary policy

3. Special topic: Generating value in banks while acting as a responsible citizen

  • Double sustainability as a strategic chance for banks
  • Social/ecological sustainability tends to push TSR performance of banks but financial sustainability is a clear pre-condition
Picture: Skyline New York
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Author Dr. Dirk Holländer

Dr. Dirk Holländer

Senior Partner Office Frankfurt

Volker Abel

Senior Manager zeb Frankfurt
Author Dr. Ekkehardt Bauer

Dr. Ekkehardt Bauer

Senior Manager Office Münster

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