European Banks Chart(s) of the week #48: Let‘s start a new bank somewhere. Where in Europe is best?

Research evidence excerpt

European Banks Chart(s) of the week #48: Let‘s start a new bank somewhere. Where in Europe is best?

Global Research

19 June 2026ab

European Banks Equities

Europe including UKChart(s) of the week #48: Let's start a new bank

somewhere. Where in Europe is best? Banks

Jason Napier, CFA

Analyst

jason.napier@ubs.com

By Friday, sometimes what's wanted is a picture and fewer words +44-20-7568 5037

Our Friday Chart of the Week is supposed to be a single picture, a few words, and a solid Sanjena Dadawala

accompaniment to a mid morning coffee. This week we're including a bunch of charts Analyst

to cover a key topic and which we could have turned into a whole note. We hope you sanjena.dadawala@ubs.com

don't mind, we think the charts probably tell the whole story pretty well. +44-20-7567 0753

Ignacio Cerezo

Chart #48: The world's your oyster. No, really, it is. Analyst

We said in 2019 that cheaper new tech platforms and customers who are increasingly ignacio.cerezo@ubs.com

happy with digital self-service would see big banks expand to other markets with +44-20-7568 4409

branchless, lower-cost-to-serve offerings unencumbered by back book spreads, Johan Ekblom, CFA

improving customer outcomes and increasing customer churn. Analyst

johan.ekblom@ubs.com

+44-20-7568 3580

This is happening. This week Bankinter announced the purchase of Dutch digital

mortgage platform Tulp in a move we expect to resemble its earlier expansion in Ireland. Alvaro Fernandez-Garayzabal

Credit Agricole's CMD included plans to launch a narrow bank in Germany (alongside Analyst

alvaro.fernandez-garayzabal@ubs.com

BBVA, JPM and others). Monzo has launched in Ireland and Spain is next. We had

+34-91-436 9622

incoming this week around the Irish margin outlook prompted by recent FT coverage of

Revolut.