J.L.M. Campuzano (AEB) | The total assets of the Spanish financial system amounted to 4.7 trillion euros at the end of 2017, almost four times GDP. In 2012 it exceeded 5.2 trillion euros.
Financial institutions, companies and households have continued to adjust the debt accumulated in the first half of the year. In the case of non-financial companies and households, their level of debt is increasingly closer to the European average, against a backdrop of greater economic growth and preference for home ownership.
F.Barciela /F. G. Ljubetic | If the banks are still the protagonists in terms of granting mortgages to private individuals, another thing is new developments where their role is decreasing. Burned by what happened in the past, the banks are looking very closely, and selectively, at each new development proposal. This has meant that in the last few years alternative financing formulas have emerged which property developers are using to push ahead with their projects.
The Corner | March 20, 2015 | ACF experts believe that “the impact of the acquisition of TSB in earnings per share would be marginally negative in 2015 and 2016, but -5.7% in 2017 if a new synergy plan is not presented.”
MADRID | By Francisco López | The new season for presenting results starts this week with much better expectations than in previous years. After two years recording negative results in Spain, most market watchers consider that 2013 allowed the return to positive figures thanks to cost reductions, the increase in financial operations, the low interest margin and a lower impact on the accounts of the harsh restructuring process started in 2009.
MADRID | By Francisco López | In recent times there has not been any other banking sector as closely tested as the Spanish. However, despite the continuing ‘streap-tease’ of different financial institutions, the big international investors do not fully trust in the health of the Spanish banking sector.
MADRID | By José Hervás, Capital Madrid | Basel III in Spain will close 10 bank offices a day over the next three years to have between 25,000 to 30,000 offices in total.
MADRID | As 3 out of 4 entities will be sold to solvent banks, buyers will get a real bargain in the ensuing merger process. But then, Bankia is still here.
MADRID | For all the efforts they undertake to reinforce their solvency and profitability, troubled banks are not likely to survive unless they merge into solid groups. But economist JP Marín Arrese wonders if public money to maintain them artificially alive should not be entitled to a better use.