Updated on 23 October 2019
Established in 1857, Banco Santander is now the largest bank in Spain in terms of total assets. The bank's main business activity is retail banking which provides more than a half of the bank's income. Banco Santander, S.A. is the head bank of Santander Group (Spain).
Banco de Crédito Social Cooperativo was established in 2014 as a head company of Cooperative Group Cajamar, formed by 19 Spanish rural banks. Banco de Crédito Cooperativo pays special attention to rural areas and food and agriculture sector. Financing activities of Banco de Crédito Cooperativo are aimed to SMEs, self-employed individuals and families.
Banco de Sabadell SA is one of the largest banks in Spain. Banco de Sabadell is a universal bank specializing in providing financial services to natural persons and small- and medium-sized enterprises.
Self Trade Bank was founded in 2009 and was initially owned by Boursorama (Societe Generale) and CaixaBank: 51% of shares belonged to Boursorama and 49% to CaixaBank. In June 2015 CaixaBank announced the sale of its 49% in Self Bank to Boursorama, making Boursorama the only owner of the Self Trade Bank.
Abanca Corporación Bancaria (ABANCA) is a Spanish bank, established in 2011. The bank provides retail and corporate banking services.
Established in 1994, Open Bank was the first bank in Spain offering telephone and Internet banking and thus significantly reducing costs of the daily operations. Open Bank is a member of Santander Group.
CaixaBank is a financial services company, member of La Caixa group. CaixaBank, one of the largest banks in Spain, provides universal banking and insurance products and services.
IberCaja Banco was founded in July 2011 by Spanish financial company IberCaja. IberCaja Banco provides retail banking services for individuals and small- and medium-sized companies.
Deutsche Bank, S.A.E. is a member of Deutsche Bank group. Deutsche Bank, S.A.E. specializes in providing retail and corporate banking products and services. Deutsche Bank, S.A.E. also offers online brokerage and insurance products.
BNP Paribas Group started its financial activity in Spain back in the middle of nineteenth century and bacame a fully operative bank in 1979. BNP Paribas Group has three main business activities in Spain: corporate and investment banking, investment solutions, retail banking. Throughout its subsidiaries, BNP Paribas offers its clients: a large range of wealth management products and services, from current account management to the most complex financial arrangements, asset management, personal loans (consumer, mortgages, loan consolidation), on-line savings and trading.
RENTA 4 Banco was established in 1986. RENTA 4 Banco specializes in providing online brokerage and securities trading services to private individuals, companies, financial and institutional investors. RENTA 4 Banco also offers private banking and asset management services.
Unicaja Banco was established in 2011 as the result the merger of Monte de Piedad y Caja de Ahorros de Ronda, Cádiz, Almería, Málaga, Antequera y Jaén. Unicaja Banco provides retail and corporate banking products and services to individuals, companies and self-employed professionals both in Spain and internationally.
Banco Bilbao Vizcaya Argentaria (BBVA) is one of the largest Spanish banks, operating as a global universal bank and offering retail, private, corporate and investment banking products and services to its customers.
Banco Popular Espanol was founded in 1926. The bank is now one of the largest banks in Spain and is specializing in retail and corporate banking products and services. In 2017 Banco Popular Espanol was acquired by Banco Santander. Since 2018 Banco Popular Espanol operates as a fully integrated subsidiary of Banco Santander.
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Trading accounts are similar to current accounts, but trading accounts can hold both cash and securities. Trading accounts are used to execute trade transactions involving buying and selling financial instruments, for example, stocks, bonds, futures and options.
The table above shows essential details of selected time deposit products offered to retail customers by the banks in Spain: annual costs and costs per order. The trading accounts annual costs vary from 0.00 to 200.00 EUR, costs per order are within the range 0.00 - 12.00 EUR.
Trading accounts made with financial institutions, credit institutions, investment firms in Spain are covered by investor compensation scheme up to 20,000 EUR per investor.
Costs per order are calculated for an order of 1 000 EUR placed in the home market for one of the supported instrument types (stocks, bonds, ETFs, options, certificates).