According to ECO, Portugal is only dethroned on the list by Lithuania (ROE of 27.87%), Latvia (25.82%), Estonia (20.39%) and Slovenia (15.88%).

It is worth highlighting the fact that German banks are the ones in the worst situation (ROE of 6.59%), being below the average of institutions supervised by the ECB (10.04%). The same happens, for example, with French (7.55%) and Irish (9.24%) banks.

According to the publication, European banks “continue to show strength”, maintaining “robust” capital and liquidity positions in a context of great uncertainty marked, for example, by the war in Ukraine, high inflation and high-interest rates.