In Spain

Spain banks in 2018

Spain Banks In 2018: Growing Gross Lending For First Time Since 2010; Attentive To 12-Month Euribor

Spain banks 2017 results confirmed that last year was one of transition for the interest margins. Looking to the future, the pillars of the banking sector’s strategy will continue to be the reduction in problematical assets and the improvement in profitability, within a context where a sustained recovery is still pending (average ROE in 2017 of 7%, on a par with 2016).

Pensions in Spain

Pensions In Spain: A Bleak Outlook

It seems obvious that the most sensible thing to do with respect to retirement is to try to save something and invest it well to complement the meager pension which, foreseeably, the State will give us when we retire.

Spain’s Banks Only Have About 35% Of Toxic Assets Left To Eliminate From Their Portfolios

Toxic, unproductive or problematical, or however you want to call those assets which were the ruin of the Spanish banks, are not easy to get rid of. Assets linked to the property bubble reached over 300 billion euros at the worst point of the crisis, between 2011 and 2012. But thanks to the lenders’ huge efforts, the last official figure from the Bank of Spain stands at 190 billion euros.

OrientHontai buys 53.5% of Mediapro

Spanish Soccer In Chinese Hands: OrientHontai buys 53.5% of Mediapro

Last October the Chinese investment fund Orient Hontai agreed to buy a majority stake in Spanish sports rights group Mediapro for $1 billion in order to change the Asian country into a global soccer powerhouse. Today the deal has been materialised and Orient Hontai officially become new owner of the Spanish soccer championship usually known as la Liga, Europe’s third-richest league.