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Economy and Banking Sector of Spain

Major Banks of Spain

#1: Banco Santander, S.A.

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).

Services
retail banking
private banking
corporate banking
insurance
Area Served
Spain
Products
current accounts
savings accounts
time deposit accounts
structured deposit accounts
pension accounts
debit cards
consumer loans
mortgage loans
business loans
trade finance

In 2018 total assets of Banco Santander, S.A. were 608,38 bln EUR. In 2018 the bank's net income was 3 301,18 mln EUR.

Banco Santander, S.A. is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is A- (high credit quality). Long-term credit rating assigned to the bank by Moody's is A2 (upper medium grade). Banco Santander, S.A. participates in the deposit guarantee scheme of Spain. This scheme covers accounts up to 100,000 EUR per bank per depositor.

#2: Banco Bilbao Vizcaya Argentaria, S.A.

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.

Services
retail banking
private banking
corporate banking
investment banking
Area Served
Spain
Products
debit cards
savings accounts
consumer loans
mortgage loans

In 2018 total assets of Banco Bilbao Vizcaya Argentaria, S.A. were 399,94 bln EUR. In 2018 the bank's net income was 2 315,62 mln EUR.

Banco Bilbao Vizcaya Argentaria, S.A. is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is A- (high credit quality). Long-term credit rating assigned to the bank by Moody's is A3 (upper medium grade). Banco Bilbao Vizcaya Argentaria, S.A. participates in the deposit guarantee scheme of Spain. This scheme covers accounts up to 100,000 EUR per bank per depositor.

#3: CaixaBank, S.A.

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.

Services
retail banking
private banking
corporate banking
insurance
Area Served
Spain
Products
debit cards
credit cards
savings accounts
time deposit accounts
mutual funds
consumer loans
mortgage loans
pension plans
business loans
trade finance

In 2018 total assets of CaixaBank, S.A. were 386,62 bln EUR. In 2018 the bank's net income was 1 985,00 mln EUR.

CaixaBank, S.A. is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is BBB (good credit quality). Long-term credit rating assigned to the bank by Moody's is Baa1 (lower medium grade). CaixaBank, S.A. participates in the deposit guarantee scheme of Spain. This scheme covers accounts up to 100,000 EUR per bank per depositor.

#4: Banco de Sabadell, S.A.

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.

Services
retail banking
corporate banking
online brokerage
real estate operations
Area Served
Spain
Products
current accounts
debit cards
credit cards
savings accounts
consumer loans
car loans
student loans
mortgage loans
investment funds
business accounts
business loans

In 2018 total assets of Banco de Sabadell, S.A. were 178,99 bln EUR. In 2018 the bank's net income was 539,87 mln EUR.

Banco de Sabadell, S.A. is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is BB+ (speculative). Long-term credit rating assigned to the bank by Moody's is Baa2 (lower medium grade). Banco de Sabadell, S.A. participates in the deposit guarantee scheme of Spain. This scheme covers accounts up to 100,000 EUR per bank per depositor.

See Also