world banking system began gradually to withdraw from the crisis which broke out in the credit markets two years ago. European and U.S. banks were able to reduce their costs in order to accounts, and recently - the first time in a long time - once again started to make a profit, transmits Reuters.

However, there is still a problem that could negate all the efforts of bankers - the bad debts. For example calculations of experts, for the first six months of 2009 the number of bad debts of the leading European banks has grown by an average of 160%. And there is every reason to believe that in the next two years this figure will remain at record high.

course, profit from allowing them to partially compensate for the loss. According to preliminary data, the total profits of large European banks was about 21.4 billion euros. Throughout the past year, market participants feared the collapse of the European banking system. Gradually, however, the situation stabilized, and now the collapse of banks can not be afraid of the EU, - the analyst said Fox-Pitt Kelton, David Williams.

illustrates this point and what is happening in stock markets: the beginning of the period of corporate accountability index of European banks DJ STOXX European bank index has increased by 12%. Throughout the first half of 2009, banks have tried to bring up their bills and reduce costs. It turns out that they succeeded, - said the expert, Simon MFGlobal Mogen.

amazed investors such large European banks like HSBC, BNP Paribas, Barclays and UBS. The positive quarterly reports indicate that most banks managed to cut their production costs, to invest some funds in the development business and concentrate solely on profit, - adds S. Mogen.

However, despite such encouraging data banks to solve several problems, in particular to deal with bad debts. Do not underestimate the bad debts. I think they will be able to look only at the end of 2010, - said Evolution Securities analyst Jhapa Meyer.

British Lloyds Banking Group reported that its bad debts have reached a peak in the I half year Their total to nearly 13.4 billion pounds (about 15.56 billion euros). This is about five times greater than the rate of one-year limitation. Similarly, the case and UniCredit: in contrast to the Lloyds Banking Group of the Italian bank to better financial performance.

Meanwhile, according to experts, in the coming year and a half, European banks will have to cancel the order of $ 280 billion of bad assets, and a lot will depend on their ability to attract new capital. Banks should be able to earn money and solve their problems. These skills largely on investors' attitudes to them, - said the bank Morgan Stanley analyst Hugh baths Shtinis. - Of course, investors are asking how many banks will need time to recover from the crisis .

Note that the rating agency SP in the middle of June, warned that the financial environment leaves much to be desired, and not all European financial group survive the current crisis. Earlier another rating agency Moody s downgraded ratings on 25 European banks. Among the low were Spanish banks BBVA, German Deutsche Bank, BNP Paribas and the French a huge number of banks pomelche.