The Spanish economy will grow in 2014 at a rate close to 1.5% and could exceed 2% in 2015.
The Spanish banking system, which has made significant progress in its restructuring and deleveraging, is in good condition to face the Asset Quality Review (AQR) and the ECB’s stress tests. The sector continues to face significant challenges such as the moderate growth in credit demand, high non-performing loans, capital requirements, and the compression of margins […]
Spanish banks obtained an attributable profit of 7,274 million euros in 2013
The lower requirements for provisions and allowances compared to the exceptional restructuring carried out in the previous year have made it possible to move from a loss situation in 2012 to a profit situation one year later.
AEB estimates that the correction of basic imbalances and adjustment measures pave the way for the recovery of the Spanish economy
In its June Economic and Financial Report, AEB considers that progress in correcting basic imbalances, the implementation of a broad range of adjustment measures and others to stimulate activity, together with the design of the Banking Union and the European Union’s greater flexibility for meeting budgetary targets, pave the way for a recovery of the […]