Problem Facing Eurozone Banks Is Profitability, Not Solvency: ECB

Chief

Umer Jamshaid Published July 21, 2016 | 07:35 PM

Problem facing eurozone banks is profitability, not solvency: ECB
chief

FRANKFURT, (APP - UrduPoint / Pakistan Point News - 21th july, 2016) - The main problem facing eurozone banks at the moment is not one of solvency, but of profitability, European Central Bank chief Mario Draghi said on Thursday. "On the solvency side, our banks are better, if not much better than they were before," Draghi told a regular news conference.

"The problem now that we will have to address is the weak profitability ahead, not a problem of solvency," he said.

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