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European bank indexes in positive territory as of September-end

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European bank indexes in positive territory as of September-end

European bank indexes ended the third quarter of 2017 in positive territory after a mixed performance in the first nine months of the year.

The SNL European Bank index had posted a year-to-date total return of 12.5% as of Sept. 29, according to data compiled by S&P Global Market Intelligence. The SNL Western European Bank index performed broadly in line with the SNL European Bank index and recorded a total return of 15.2%.

The SNL France & Benelux Bank index and SNL Mediterranean/Southern European Bank index were the best performers heading into the fourth quarter, having posted total returns of 27.1% and 24.2%, respectively, as of Sept. 29. The SNL UK & Ireland Bank index was the weakest performer, with a total return of 5.1%.

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