LUXEMBOURG (Reuters) - European banks continue to face profitability risks and should consider mergers when necessary, the head of the Eurogroup of euro zone finance ministers Mario Centeno said on Thursday.
“The profitability outlook of banks remains a key concern. Further changes to business models should be encouraged. Where needed, consolidation should also play a part,” Centeno told a news conference after a meeting with euro zone’s top banking supervisors.
Reporting by Francesco Guarascio @fraguarascio; Editing by Raissa Kasolowsky