European shares ended the day on a negative note on Friday, but were higher on the week, as traders digested a better-than-expected U.S. jobs report and the European Central Bank's (ECB) decision to hold fire on Thursday.
The pan-European FTSEurofirst 300 provisionally closed down 0.3 percent on the day at 1,394.46, but rose around 1.7 percent on the week. European indexes fell back slightly after posting stellar gains in Thursday's session, when the widely-watched U.S. non-farm payrolls report came in stronger than expected.
A profit warning by Austria's Erste Bank on Friday pushed banking stocks lower and dragged down broader indexes. Shares in the bank slipped nearly 16 percent as investors dumped the stock.
Austrian rival Raiffeisen Bank was also hit, falling around 4 percent. The European Stoxx banking index came under pressure, and slipped approximately 1.1 percent.The Austrian benchmark index closed unofficially down 2.9 percent.