AEB banks strengthen their profitability and efficiency in 2023
The banks of the Spanish Banking Association (AEB) are among the most profitable and efficient in the European Union in 2023, enabling them to guarantee their support to families and businesses through financing, and to continue driving economic and social progress with their activities.
Spanish banks post profits of €11.156 billion through September
The effort in provisions and write-downs, which led to the 2020 losses, has been considerably reduced this year, bringing return on equity (ROE) to 7.2% in the third quarter.
Spanish Banks Report Profit of €3.17 Billion Through March
Spanish banks’ results return to pre-crisis normality in the first quarter of 2021, compared to losses of €1.125 billion in the same period of the previous year.
Spanish banks set aside €3.587 billion for COVID-19 and report a negative attributable result of €1.125 billion
The significant effort in provisions and write-downs, amounting to more than €5.6 billion, undertaken in the first quarter of 2020 to strengthen the balance sheet and mitigate the negative effects of the pandemic on households and businesses represents an increase of 160% compared with the same period of the previous year.