Return on assets (ROA) of the banking industry in Belgium 2007-2022
The profitability of Belgian banks remained stable between 2014 and 2022, reaching a level that was on par with profits from before the financial crisis. As of 2022, the return on assets (ROA) of the Belgian banking industry was 0.7 percent, which was a significant increase compared to 2020. The ROA shows the average per-euro profit banks earned on their assets. It is calculated by dividing a company's net, after-tax income by total assets. Financial analysts frequently apply this is a key financial indicator, as banks rely on loans and money flow as their business model. As such, it is said that even a profit of one percent could be a significant number for a bank.