Quarterly CET1 ratio of EU banking industry 2014-2023
Russia's invasion of Ukraine and the weakening economic conditions that came with it certainly had an effect on the common equity tier 1 (CET1) ratio of the EU banking industry. In the first quarter of 2023, there was a slight increase in the CET1 ratio compared to the previous quarter, from 15.48 percent to 15.58 percent. The ratio increased further in the third quarter of 2023, reaching 15.75.