Good Banks And Finance Services In Spain

Overview of Banks in Spain

The Spanish central monetary jurisdiction is Banco de España, which work as the national supervisor of banks in Spain. In 1782 established in Madrid, Spain’s central bank is presently a member of the European System of Central Banks. Learn more about Good Banks And Finance Services in Spain.

The Spanish banking system integrated with international financial markets and includes credit, stock and money markets, markets derivatives. Many banks in Spain and foreign companies are subjected to the same conditions of access to the Spanish financial system.

Banks in Spain include:

1. Banco Bilbao Vizcaya Argentaria, S.A. (BBVA)

Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) is a global financial group and is the second largest of banks in Spain. It is a product of the merger between Banco Bilbao Vizcaya and Argentaria in 1999. In 1857 founded, the bank provides various financial services to 78 million customers in over 29 countries.

  • Revenue: 9.22 billion euros (2017)
  • income: 2.083 billion euros (2017)
  • Total assets: 400.08 billion euros (2017)

2. Banco de Sabadell

Fifth-largest Spanish banking group is the Banco de Sabadell and affilated by several banks in Spain, associated banks, brands, and subsidiaries.

Alicante is headquartered, Spain, the universal bank set off a network of 2,768 domestic and 669 international branches, servicing 11 million customers as of 2016.

  • Revenue: 5.471 billion euros (2016)
  • Net income: 710 million euros (2016)
  • Total assets: 212.51 billion euros (2016)

3. Banco Popular Español

In 1926 is founded, Banco Popular Español used to be the sixth-largest banking group in the country. Banco Popular Español provides a range of banking products and services through four segments – commercial banking, asset management, insurance, and real estate and institutional and market area.

  • Revenue: 2.83 billion euros (2016)
  • Net income (loss): -3.49 billion euros (2016)
  • Total assets: 147.93 billion euros (2016)

4. Bankinter

With headquarters in Madrid, Bankinter was founded in 1965 as a Spanish industrial bank that was a joint venture between The Bank of America and Banco de Santander.

As of 2017, it operated a network of 48 private banking centers, 22 corporate banking management centers, 72 business centers, and 364 universal offices, serving almost 69,000 customers.

  • Revenue: 1.85 billion euros (2017)
  • Net income: 495.2 million euros (2017)
  • Total assets: 71.33 billion euros (2017)

 Financial services in Spain.

  • Spanish Law 10/2014 from 26 June 2014 on Organization, Supervision, and Solvency of Credit Institutions
  • Spanish Royal Decree 84/2015 from 13 February 2015 implementing Law 10/2014 from 26 June on the Organization, Supervision and Solvency of Credit Institutions
  • Bank of Spain Circular 2/2016 from 2 February 2016 on Supervision and Solvency of Credit Institutions, which completes Spain’s implementation of Directive 2013/36/EU and Regulation (EU) No. 575/2013
  • Royal Legislative Decree 4/2015 from 23 October 2015 approving the consolidated text of the Spanish Securities Market Law
  • Royal Decree 217/2008 from 15 February 2008 on the legal framework for investment firms and other entities providing investment services
  • Commission Delegated Regulation (EU) 2017/565 from 25 April 2016 supplementing European Parliament and Council Directive 2014/65/EU on organizational requirements and operating conditions for investment firms and definitions for the purpose of that Directive. So this is all about good banks and finance services in Spain.

Source: https://www.microsoft.com/en-ie/lcc_cloud/financial-services-spain