Cost-to-income ratio of European private banking sector from 2017 to 2022

The cost-to-income ratio of the European private banking sector increased in 2022, reaching a value of ** percent. This was *** percent higher than in 2021 and the highest cost-to-income ratio reported in the observed period. In comparison, the cost-to-income ratio of the EU banking industry as a whole was approximately ** percent as of the second quarter of 2022.