Spanish banks in 2019

The challenge for Spanish banks in 2019: improve profit margins, still at historic lows

The Challenge For Spanish Banks In 2019: Improve Profit Margins, Still At Historic Lows

The ratings agency Standard & Poors predicts more mergers among medium sized Spanish banks. S&P also 2019 toxic assets on the balance sheets will continue to be reduced and that the main challenge will remain improving profit margins which remain at historic lows. In fact it is this low profitability which will drive consolidation this year which will help achieve synergies, economies of scale and cost cutting.