banking sector

Markets, Relevant News Item 13th July 2026

Abanca, Cecabank, Ibercaja, Kutxabank and Unicaja complete Spain’s first multi-bank trial of tokenised deposits

Reported by Consejeros Editorial Team The five financial institutions have successfully carried out the first multi-bank proof of concept for tokenised deposits. This trial has demonstrated that it is feasible to carry out interbank money transfers using blockchain technology. The process was carried out without the need to issue any cryptocurrency and without altering the legal or financial nature of customers’ deposits, which continue to be regarded as traditional bank…

In Spain 19th May 2026

Synthetic securitisations now account for half of total in Spanish banking sector

Synthetic securitisations – which allow underlying assets to remain on the balance sheet and enable banks to expand their balance sheets without increasing capital – now account for 3% of Spanish banks’ total assets. By the Consejeros Editorial Team The weight of synthetic securitisations on Spanish banks’ balance sheets continues to rise and now accounts for 49% of total securitisations. Just five years ago, in the 2020 financial year, they…

In Spain 16th January 2026

Solid but uneventful Q4 2025 for Spanish banks

Deutsche Bank | The 2025 fourth-quarter earnings season for Spanish banks will begin with Bankinter on 22 January and conclude with Sabadell on 6 February. Overall, we expect another solid quarter, with little change in the trends seen in Q3 2025, although with some seasonal adjustments typical of Q4. Net interest margin is likely to confirm a further recovery, helped by volumes, despite some additional effects from the interest rate…

In Europe 16th June 2025

EC delays implementation of new global banking regulations by one year

Link Securities | Reuters reports that the European Commission (EC) announced yesterday that it will delay the implementation of new global rules governing banking operations by one year, until 1 January 2027. Sources told Reuters last month that the European Union (EU) would delay the implementation of the rules pending further clarity on the US government’s plans to deregulate its financial sector. The so-called Fundamental Review of the Trading Book…

In Spain 8th March 2025

Spanish banks: Headwinds in 1H25 due to risks of somewhat weak NII; downgraded target prices and recommendations, except for Santander, BBVA and Bankinter

Deutsche Bank | Spanish banks have experienced a strong rebound in late 2024 and early 2025 (up 30% year-on-year), significantly outperforming their European peers. Driven by resilient NII, prospects for more stable interest rates and a generally benign macroeconomic environment in Spain supporting activity and asset quality, this positive trend could face potential temporary headwinds. Despite the encouraging results of Q4 2024 and the broadly positive outlook for 2025, the…

In Spain 28th October 2024

Spanish Banks’ 3Q24: Asset quality shows no signs of deterioration

Iñigo Vega (Jefferies) | Spanish Banks’ 3Q24 earnings season kicked off with BKT; we preview SAN, UNI, CABK and BBVA. We expect the focus to remain on domestic NII resilience despite falling rates. While fees are expected to remain under pressure in the quarter, asset quality shows no signs of deterioration. We see the NII miss at BKT as idiosyncratic and don’t read-across to other peers. No major changes in…

Spanish economy 7th October 2024

Drop in Euribor causes downward revision of expected profits in Spanish banking sector

Morgan Stanley | Our analyst expects the NII of Spanish banks to fall by 0.9% quarter-on-quarter on average due to seasonality, while the growth in deposits will offset lower rates in the short term. He believes that the guidance for 2024 will remain unchanged. Looking ahead to the numbers for 2025/26 and following the downgrade of the sector this week, he reduces the Euribor estimate from 2.5% to 2.25% on…

European economy 17th June 2024

ING expects total revenue growth of 4-5% p.a. between 2024 and 2027

Norbolsa | The Dutch bank celebrates this Monday’s CMD at 14:00, and announces that it expects total revenue growth of between 4-5% per annum between 2024 and 2027, with fee income expected to exceed €5 billion, leaving RoTE at around 14% over the same period.

European economy 11th June 2024

With world’s highest savings rate at 15%, European banks’ profits will hold up

Morgan Stanley | Our analyst A. S. reiterates the OW on European banks as, among other things, he believes that earnings are going to be more resilient than the market is discounting. The savings rate in Europe is at 15% (the highest in the world) and should be able to be monetised in a positive rate environment into deposits and asset management products, rather than the bond market. He estimates…

Spanish economy 17th May 2024

Bank of Spain announces intention to gradually implement 100bp Countercyclical Capital Buffer for banks

Jefferies | The Bank of Spain announced the intention to gradually implement a 100bp CCyB for the banks, alongside a revision of the methodology through which the buffer is set. The announcement should not come as a surprise, given recent debate during the 1Q24 earnings season. We see a manageable impact from the higher capital requirements, and no immediate risk to the banks’ stated CET1 ratio targets or capital distribution…

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