EY: Banking confidence on the up

David Harvey our consultant managing the role

A new report from accounting and services firm EY has highlighted optimism among the UK's bankers and financial services workers, suggesting that the country's overall economic recovery could lead to better conditions for the sector.

Although it was somewhat beleaguered with scandal and dropping recruitment levels over the course of 2013, the industry still out-performed many of its counterparts and looks like it is in good shape to expand further in the next 12 months.

The EY European Banking Barometer, a bi-annual study that gathers the views of senior bankers across the main European banking markets, found that British institutions are feeling optimistic about the future.

Omar Ali, EY's head of banking and capital markets in the UK, said lending is set to increase across the spectrum, with more cash to be on offer to businesses and consumers alike.

"After years of tight credit restrictions, banks are now able to be more bullish in their attitudes towards lending across all sectors," added Mr Ali.

Nearly three-quarters of respondents said they expect macroeconomic conditions to improve across the country, compared to just 56 per cent of their European counterparts. This highlights the fact that Britain appears to be recovering more quickly than many other countries, despite continued concerns over the stability of this growth.

The UK is the only country in which bankers expect to see an increase in lending to all sectors, with smaller firms and companies in commercial real estate, media and telecoms, and healthcare sectors likely to gain a great deal from this improvement.

While the eurozone is expected to experience overall GDP growth for the first time since 2011, lending is still expected to be weak, while consumer credit is also flagging in the area.

Andy Baldwin, global head of financial services at EY, said broad-based economic recovery in Europe depends on a banking system that is both well-capitalised and "able to extend credit when needed".

11/04/16
posts

Related articles

What's the latest on recruiting senior finance and accounting professionals?
What's the latest on recruiting senior finance and accounting professionals?

Teaser

Finance & Accounting

Content Type

General

25/04/24

Summary

Over the years, we have developed a strong reputation as a leading Senior Finance and Executive Search firm. We’re proud to have well-established teams of finance and accounting recruitment cons

Teaser

Our employment update for senior accounting and finance professionals.

Read full article
Neil Burton

by

Neil Burton

Neil Burton

by

Neil Burton

How technology is impacting the future of risk and compliance jobs
How technology is impacting the future of risk and compliance jobs

Teaser

Governance

Content Type

Fintech

18/04/24

Summary

The role of risk and compliance in financial services  As a sizeable, growing portion of the financial services sector, risk and compliance play a vital role in ensuring that firms conduct busine

Teaser

With no signs of slowing down, strong risk and compliance is now more important than ever.

Read full article
David Clamp

by

David Clamp

David Clamp

by

David Clamp

What does the future hold for private equity?
What does the future hold for private equity?

Teaser

Executive Search

Content Type

General

18/04/24

Summary

Private equity (PE) is a growing industry that has always attracted ambitious top talent due to its high risk/high gain capital investment. Pre-covid, we saw the global private equity industry b

Teaser

Learn about emerging private equity job opportunities and more.

Read full article
Tracey Alper

by

Tracey Alper

Tracey Alper

by

Tracey Alper

jobs

Related jobs

Accounts Payable

Salary:

Up to £50,000 per annum + Bonus

Location:

London

Industry

Private Equity

Qualification

None specified

Market

Financial Services

Salary

£50,000 - £60,000

Job Discipline

Part Qualified & Transactional Finance

Contract Type:

Permanent

Description

This is an Accounts Payable position for a Private Equity firm based in the Centre of London to take control of the whole Accounts Payable function.

Reference

BBBH180448

Expiry Date

01/01/01

Thomas  Steel

Author

Thomas Steel
Find out more
Interim Finance Manager

Salary:

£55,000 - £70,000 per annum

Location:

Leeds, West Yorkshire

Industry

Business Services

Qualification

Fully qualified

Market

Professional Services

Salary

£70,000 - £80,000

Job Discipline

Qualified Finance

Contract Type:

Contract

Description

Working with the business for a period of at least 12 Months, you will be a Qualified Accountant with strong group accounting knowledge

Reference

NH - 179937

Expiry Date

01/01/01

Niamh Hellewell Find out more
Corporate Finance Associate Director

Salary:

Negotiable

Location:

Manchester, Greater Manchester

Industry

Professional Services

Qualification

Fully qualified

Market

Professional Services

Salary

£80,000 - £100,000

Job Discipline

M&A

Contract Type:

Permanent

Description

Marks Sattin are delighted to be recruiting a senior level opportunity to lead and develop the Lead Advisory CF team within an established and highly reputable corporate finance firm.

Reference

BBBH168654

Expiry Date

01/01/01

Daniel Horton

Author

Daniel Horton
Find out more
Restructuring Advisory Manager

Salary:

Negotiable

Location:

London

Industry

Professional Services

Qualification

Fully qualified

Market

Professional Services

Salary

£70,000 - £80,000

Job Discipline

Restructuring

Contract Type:

Permanent

Description

Marks Sattin are delighted to be currently recruiting for one of the UK's market leaders in Restructuring and Business Recovery.

Reference

BBBH161717

Expiry Date

01/01/01

Daniel Horton

Author

Daniel Horton
Find out more
M&A Partner

Salary:

Negotiable

Location:

Reading, Berkshire

Industry

Professional Services

Qualification

Fully qualified

Market

Professional Services

Salary

£175,000 - £250,000

Job Discipline

M&A

Contract Type:

Permanent

Description

Marks Sattin are delighted to be supporting our client - an ambitious and reputable Corporate Finance firm in seeking a highly experienced and accomplished M&A Partner.

Reference

BBBH179977

Expiry Date

01/01/01

Daniel Horton

Author

Daniel Horton
Find out more
M&A Partner

Salary:

Negotiable

Location:

London

Industry

Professional Services

Qualification

Fully qualified

Market

Professional Services

Salary

£175,000 - £250,000

Job Discipline

M&A

Contract Type:

Permanent

Description

Marks Sattin are delighted to be supporting our client - an ambitious and reputable Corporate Finance firm in seeking a highly experienced and accomplished M&A Partner.

Reference

BBBH179976

Expiry Date

01/01/01

Daniel Horton

Author

Daniel Horton
Find out more
Group Tax Manager

Salary:

£55,000 - £70,000 per annum

Location:

West Yorkshire

Industry

Business Services

Qualification

Fully qualified

Market

Financial Services

Salary

£70,000 - £80,000

Job Discipline

Tax

Contract Type:

Permanent

Description

Group Tax Manager for a leading Financial Services business based in West Yorkshire

Reference

BBBH180443

Expiry Date

01/01/01

Andy Craven

Author

Andy Craven
Andy Craven

Author

Andy Craven
Find out more
Financial Accountant

Salary:

Negotiable

Location:

City of London, London

Industry

Consumer & Retail

Qualification

Finalist / Newly qualified

Market

Commerce & Industry

Salary

£60,000 - £70,000

Job Discipline

Qualified Finance

Newly Qualified Finance

Contract Type:

Contract

Description

Financial Accountant role with a well-known retailer based in central London for an initial 6 month contract.

Reference

BBBH180441

Expiry Date

01/01/01

Julia Aruci

Author

Julia Aruci
Julia Aruci

Author

Julia Aruci
Find out more
View all jobs