Spanish banks

Banco Santander designated Bank of the Year in Spain, Western Europe and the Americas

Santander Designated Bank Of The Year In Spain, Western Europe And The Americas

Banco Santander has been named Bank of the Year in Western Europe, the Americas, Spain, Portugal, Argentina and Chile by The Banker magazine. The Banker recognized the bank’s “peerless commitment to an enhanced customer experience”, its pursuit of operational efficiency and its development of new digital, global trade and global merchant services.




CaixaBank

CaixaBank: 1 or 2 year profit outlook weighs on performance

Alphavalue | The ECB´s reflationary strategy has caused doubts among investors about the business plans of Spanish banks, in particular Caixabank, articulated in terms of the improvement in the net interest margin over the expected future rise in interest rates (which, incidentally, we do not expect any time soon).





Spanish banks: attractive valuations but fragile trading

Spanish banks NPLs fall to 2010 lows

Bankinter |  The rate of Spanish banks´non-performing loans fell in March to 5.73% (-1.07 pp m/m), the lowest level since 2010. It is good news for the sector, which confirms the improvement in the credit quality indices observed in recent years. Bad debt is therefore distancing itself from the highs of 2013 when it reached 13.61% in the middle of the economic crisis in various Eurozone countries.



Bankia annual net profit in Q119 reaches 205 M€ (-10,8%) and beats expectations

Bankinter | Bankia has presented its first quarter results (Q12019). We highlight the principal figures compared to the consensus: Interest margins: 526 M€ (-4,7% vs 502 M€ expected); Gross margin: 813 M€ (-13,3%; vs 814 M€ expected); Operational margin: 357 M€ (-16,6%; vs 355 M€ esperado); Annual net profit: 205 M€ (-10,8% vs -40 M€ in Q4 18 vs 196M€ expected).