They have had to deal with a period when inflation was too low, a global pandemic, unprecedented monetary policy actions, the economic effects of an horrific war in Europe, the transition in our energy system and the highest inflation in 30 years. All that in less than six years.
The average capital ratio of the remaining 66 groups has risen to 8.7 per cent. The capital of the other 472 institutions not belonging to a group, for the most part mutual banks, amounts to 13.7 per cent of risk-weighted assets.