Spanish banks

Santander’s 2H18 attributable profit rises by 4 %

Spanish Banks Still Reducing Their Balance Sheet, To 224% of GDP from 234% Last Year

Adjustments to the number of employees and branches in the sector continue, despite the fact that the deleveraging of the private sector seems to be coming to an end. Spanish banks are feeling the effects of the resolution and sale of Banco Popular in June 2017 and posted after-tax losses of €3.92 billion for the year, although it achieved further improvements in solvency and asset quality.


Sabadell

Sabadell is starting to stabilise

Société Générale |The situation seems to be calming down in TSB and there is more visibility. The IT problems and the negative PR will have an impact on the UK franchise, which we hope will be profitable this year. It looks like Sabadell is beginning to stabilise now, we expect a more limited impact from 2019 and reiterate our Neutral stance.

 



Caixabank has very efficient cost structures

Spain And Italy Will Dominate Net Interest Income Growth in 2019

Morgan Stanley believes Spain and Italy are going to dominate Net Interest Income growth in 2019. They flag that Unicaja, Bankinter and Caixabank are amongst the banks which improve their ROTE more with every 50 bp rise in the Euribor. Furthermore, they have very efficient cost structures.


Forty years of democratic Spain: Haves and have-nots of labour market

October marks a new low level of NPLs in Spain

Spanish banks NPLs ratio fell to 8.22% in October, over one percentage point lower than a year earlier. Recently published figures from the Bank of Spain show that the pace of the decline in NPLs accelerated in October, registering an anual 12.52% drop (-11.64% in September).



Spanish banks return 37% of floor clauses demands

Spanish Banks Return 37% Of Floor Clauses Demands, Reject 20%

Spanish banks have returned 1.5 billion euros in cash to more than 350.000 people affected by the floor clause, with whom the lenders reached an agreement after they filed a claim. This is according to figures presented by the banks at September 30, via the Commission which was set up last April to monitor the issue.


PKO Bank Polsky, DNB Bank and Santander are the strongest European banks to face an adverse scenario

The Role Of Bank Branches In The Euro Area

Against a backdrop of unstoppable digitalisation, one of the objectives for the banks at the moment is to find a balance between their physical branches and this new digital approximation which clients want.


Banco Santander key markets

Spanish Banks And Real Estate: A Key Part Of The Story

In Spain banks stocks, particularly Santander, play an unusually important role in driving the index Ibex35.To understand the prospects for the Spanish banks (and ipso facto, the overall index), it is crucial to have a handle on the health of the domestic real estate market,” confirms Goldman Sacha experts.