Spanish banks

Spanish banks: less Tier1, no skeletons in the closet

Spanish banks are last in Eurozone in Tier 1 and penultimate in regulatory capital. But they have an unquestionable competitive advantage: they are the only transparent ones in the Eurozone for the ECB and for the other investors being the only audited ones. There are no skeletons in the closet even if there is less capital to compensate.


Spanish banks: attractive valuations but fragile trading

Spanish Banks: Attractive Valuations But Fragile Trading

The Q418 results have been a negative catalyst for Spanish banks and almost all of them (with the notable exception of BBVA) have seen how the stock market advances accumulated over the course of the year have vanished to the point of returning negative.The recurrent tendencies of incomes have remained moderately positive, as happened in 2018, but, in opinion of Santander Research, net financial margins remain vulnerable.


Spanish banks credit lending

Spanish banks NPLs fall +60% since the highs of 2013

J.L. M. Campuzano (Spanish Banking Association) | Según los datos publicados la semana pasada por el Banco de España la tasa de morosidad cayó en octubre hasta un 6,08%, 1,7 puntos más baja que en diciembre y muy por debajo del 8,41% de hace un año.

 


The metamorphosis of Spanish banks: from a cosy club to tough competition

The Metamorphosis Of Spanish Banks: From A Cosy Club To Tough Competition

William Chislett | In the Franco regime and well into the 1980s, the lion’s share of Spanish banking business in a strongly protected and highly profitable market was in the hands of the so-called Big Seven and those banks, affiliated to or associated with them. The Big Seven have morphed over the past 30 years into the Big Two, as a result of a wave of mergers, after Spain joined the European Economic Community (EEC) in 1986.


The Supreme Court decides that customers should pay stamp duty -Spanish banks rise 5%

The Mortgage Tax Conundrum in Spain: The Government Corrects the High Court

“Never again Spaniards will have to pay the mortgage stamp duty”. With these words the Spanish president Pedro Sánchez announced a decree law and gave a new twist to the story of who should be responsible for this tax, just a few hours after the Supreme Court decided that it will be the customer’s duty. The way in which the highest court has managed the decision making process puts into question its credibility.



Bad outlook for Spanish banks: they will have to pay the legal costs for mortgages

Spanish Banks Pending On Court Ruling About Legal Costs For Mortgages

Spain’s banking sector lost € 5.560 Bn in market capitalisation yesterday after the country’s Supreme Court decided they woud have to pay mortgages taxes and not the final client. Just 24 hours after, the Court announced they will review the decision. Morgan Stanley calculates that the effect of ruling could reach 12 billion euros.



Spanish banks: attractive valuations but fragile trading

The Proposed Tax For Spanish Banks Not So Painful As Expected

Spain’s new prime minister Pedro Sanchez is envisaging to increase taxation on banks. Although the project is still in its infancy and needs the support of Parliament, experts at Alphavalue believe the assessment of the impact could be largely watered down.


Retail interest rates are high compared to other Eurozone's countries

The “Usurious” Interest Rates Of Spanish Banks

Miguel Navascués | The high retail interest rates in Spain, over 8% compared to at least 4% in France and other Eurozone countries, without doubt indicates usurious behavior, of the banks’ abuse of power at the expense of the customer, who on the other hand ought to inform and educate himself and refuse to pay these rates. I would say that, in fact, there is an oligopolistic factor in Spanish banking which stamps its slant on the interest rates it charges.