The European Central Bank (ECB) noted that the first signs of tension have emerged in the euro area banking sector. This was reported by Finance Times.
The regulator noted an increase in overdue loans and outstanding payments, which were previously at historical minimum levels. The ECB has called on banks to increase their reserves to cover rising credit losses.
In addition, the ministry predicted a decrease in the profits of credit institutions. This is due to a slowdown in lending and rising funding costs coupled with rising interest rates.
At the same time, the ECB has given assurances that the banking system has a margin of safety to overcome asset-related problems. The regulator noted the high level of capital and liquidity in the sector.
Before that, the European petrochemical industry anxious deepest crisis.
Previously in Ukraine guess European countries are facing rising prices and new waves of immigrants.