In a year of upheaval caused by geopolitical tensions, the ongoing pandemic and an uncertain economic climate, banking CEOs face challenges and opportunities amidst the sector’s ongoing transformation. As part of our 2022 CEO Outlook, we surveyed 141 banking CEOs, gathering their insights and perspectives into the business and economic landscapes over the next 3 years.
Banking CEOs pinpointed interest-rate and reputational risks as the top two threats to their organization’s growth over the next 3 years, but also expressed optimism over their company’s growth prospects. This is a shift from 2021, when banking CEOs felt cyber security and tax risks were the greatest threats to their organization’s growth. Here’s more on what banking CEOs had to say as the sector continues to navigate an ever-changing marketplace
The KPMG 2022 Banking CEO Outlook
Banking leaders are focused on interest rate and reputational risks.
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Believe there will be a recession in the next 12 months
Think a recession would upend anticipated growth over the next 3 years
Say an anticipated recession will be mild and short
Say continuing to drive digital transformation at a rapid pace is critical to stay ahead of the competition
Have committed to allocating more than 6 percent of revenue to make their organization more sustainable
Think those who worked in offices pre-pandemic will be back in the office regularly in 3 years’ time
About KPMG’s CEO Outlook
The 8th edition of KPMG CEO Outlook, conducted with 1,325 CEOs between 12 July and 24 August 2022, provides unique insight into the mindset, strategies and planning tactics of CEOs not only comparable to pre-pandemic to today, but also from KPMG’s CEO Pulse Survey conducted with 500 CEOs between 12 January and 9 February 2022, before the Russian government's invasion of Ukraine.
All respondents have annual revenues over US$500M and a third of the companies surveyed have more than US$10B in annual revenue.
Contact us, and read more insights here
Mads Raahede
CEO & Senior Partner
KPMG in Denmark
Mia Duelund
Head of Markets & Communication - Central Services
KPMG in Denmark
