Report

ECB Annual Report on supervisory activities 2023

Published on 21 March 2024

Foreword by Christine Lagarde, President of the ECB

Introductory interview with Claudia Buch, Chair of the Supervisory Board

Banking Supervision in 2023

Resilience of banks under European banking supervision

Introduction

The 2023 Supervisory Review and Evaluation Process (SREP) confirmed that euro area banks continued to exhibit resilience, with robust capital and liquidity positions, in spite of the uncertain economic environment. Banks are overall well capitalised. The aggregate Common Equity Tier 1 (CET1) capital ratio of significant institutions (SIs) returned to the historical highs seen in 2021, standing at 15.6% in the third quarter of 2023, while it reached 17.7% for less significant institutions (LSIs). The aggregate leverage ratios also improved, reaching 5.6% (+0.5 percentage points) for SIs and 9.3% (+0.7 percentage points) for LSIs.

Updated on 25 March 2024