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This report gives an overview of the European banking industry during recessions since 2007. It examines key performance indicators during the 2007 financial crisis, the eurozone recession in 2012, the economic downturn caused by the COVID-19 pandemic, and it gives insight into the performance figures of the banking industry in 2022. Apart from key performance indicators, the report includes statistics on historical and recent interest rates, as well as on bank lending. After a country and bank comparison, the report gives an overview of the banking events of March 2023 that shook the banking industry.