Euro zone banks were on investors' radar today. Italian lender Banca Monte dei Paschi di Siena posted its first annual profit in five years thanks to a one-off accounting gain related to a controversial derivative trade.
Shares in BMPS fluctuated on Friday, before closing up over 1 percent.
Shares in other Italian banks, which have been under intense pressure recently over concerns about their non-performing loan portfolio, were pulled higher thanks to BMPS' results.
Banco Popolare finished up over 9 percent, while Intesa Sanpaolo ended over 4 percent up.
In Spain, Caixabank posted a 182 million euro ($198.53 million) fourth-quarter net loss due to a writedown of its stake in oil major Repsol. Shares in the lender still closed up 3.8 percent.
Banco de Sabadell posted a 91 percent rise in full-year net profit, sending shares near the top of the STOXX 600, up 12 percent.