banks digitalisation

Digitilisation supports bank sector profits

Spanish Financial Sector: Digitalisation Helps Profits

Ofelia Marín-Lozano | The Spanish financial sector has made an unprecedented effort to sanitise its books: since the beginning of the crisis in 2008, sanitising and provisions (amounting to some 260 billion euros) have reduced profit margins by two thirds, according to figures from the latest annual meeting of the financial sector. The role of digitilisation replacing branches was one of the recurrent themes of the meeting.


BBVA's results in 1Q 2017

The Banks Send Out An SOS About Zero Rates And Digitalisation

Francisco López | BBVA chairman, Francisco Gonzalez, is the one who usually speaks out about the banking sector’s problems, without worrying too much about the criticisms he may receive. González was the one who most actively spoke out in international fora (in particular at the Institute of International Finance (IIF)’s spring meeting) about the bad situation of some of the savings banks, although by doing that he damaged the image of the whole Spanish banking sector.