More precisely, the environment in which they must conduct their activities. And as you can see, it is not (in theory) or has not been (in practice) an
easy environment. Credit institutions: main risks and general results; this is the title of a section from the ECB’s annual report published a few days ago.
The European monetary authority attributes many of the risks for banks to weak growth. Weak growth leads to low interest rates, deteriorating banking margins.
