The results of Spanish banks in 2018 reflect the continued strength of the most recurring income margins, cost containment, and lower provisioning and impairment needs. In a challenging low interest rate environment, attributable profit grew by 23% compared with the previous year, solvency and profitability increased, and non-performing loans declined.
Customer lending grew by 2.6% and exceeded €1.5 trillion at year-end 2018, coming to represent 60% of the consolidated balance sheet and recovering the share it accounted for in total assets five years earlier. This was explained by the President of the AEB, José María Roldán, at the presentation of the annual results.
José María Roldán, Chairman of the Spanish Banking Association
Download the presentation of the 2018 results of Spanish banks
