Spanish banks’ profits skyrocket to all-time high, soaring at 11.92%

January 22, 2024
1 min read

TLDR: Spanish banks achieved an annualised return on equity of 12.3% in the third quarter of 2023, reaching an all-time high, according to the Bank of Spain. Excluding the impact of the merger between CaixaBank and Bankia, the yield would stand at 8.25%, the highest figure since 2015. The capital ratios of all credit institutions remained relatively stable, with the ordinary tier 1 capital ratio (CET1) at 13.07%, the Tier 1 ratio at 14.57%, and the total capital ratio at 16.87%. The doubtful loans ratio remained steady at 3.16% compared to the previous quarter and declined by four basis points year-on-year.

Previous Story

Bank of America: The Ultimate Review, 2024

Next Story

Top 20 banks and thrifts: September 2023 assets frenzy

Latest from Blog

Japan Fintech: JFSA’s Perspective

TLDR: Shigeru Ariizumi, Vice Minister for International Affairs at Japan Financial Services Agency, discusses the future of fintech regulations and opportunities in