Spanish banks

Large capital flows have gone to sectors that have not been exposed to competition such as construction and real estate. The cost of risk in Iberia as a% of the revenues are among the highest in the European retail banking sector.

In July 2014 Spanish depositors withdrew nearly $100 billion in July, more than double the existing record for one month according to Frontier Strategy Group.
Read article here

Eurozone financial support for Spanish banks have funded emergency assistance to 41 billion Euro channeled to the banking sector have been completed at the end of year 2013. The financial support has “helped to recapitalize and restructure Spain’s troubled banks, which today stands on solid ground” according to a statement by Klaus Regling, head of the rescue fund at ESM.

  • Banco Santander SA
  • Banco Bilbao Vizcaya Argentaria SA
  • La Caixa
  • Banco Financiero y de Ahorros SA
  • Banco Sabadell SA
  • Banco Popular Espanol SA
  • Bankia:
    Loss4.4 billion Euros, credit losses 7.5 billion half quarter 2012.
    According to some sources the bank need 19 billion euros supposed from the european rescue fund. source: SvD 

The unemployment rate in Spain stands at almost 27% 2013.


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