The banking sector presents regulatory simplification proposals in Frankfurt to boost EU growth
The Spanish Banking Association (AEB) and CECA today held a meeting in Frankfurt, ‘Strengths of the Spanish Banking Sector in times of global transition’, presenting proposals for regulatory simplification of the banking sector aimed at strengthening economic growth and the competitiveness of the European Union.
Spanish banks obtain a profit of €7.12 billion through June, 2.3% higher
Lower provisions requirements, maintenance of recurring margins in the profit and loss statement, and cost containment drive the profit of Spanish banks through June, despite the average balance sheet being lower than a year earlier.
Spanish banks post profits of €3,993 million through March, up 15.3%
Lower provisioning needs and cost containment explain the profit performance of Spanish banks in the first quarter of 2018, achieved in a scenario of very low, even negative, interest rates in Europe.
José María Roldán, re-elected president
The AEB General Assembly has today re-elected José María Roldán Alegre as president of the Spanish Banking Association for a new four-year term. Roldán was first elected president of the AEB in April 2014.
Spanish banks obtained an attributable profit of €12.06 billion in 2017
The growth in income, the containment of operating expenses, and lower provisioning requirements for non-performing loans explain the increase in results, despite the specific write-downs undertaken in the final quarter of the year.
AEB banks obtain attributed profit of €6,964 million during the first half, with an 18.6% annual increase
Gross margin increases by 3% due to the improvement in net interest income and net fee and commission income. The non-performing loan ratio continues to decline, to 5.2%, more than half a percentage point lower than in June 2016, with coverage of 66% of balances considered non-performing.
AEB banks report attributable profit of €3,465 million in the first quarter of 2017
All income statement margins improve, with an 18% year-on-year increase in operating profit.
Non-performing loans fall to 5.5%, with coverage of 66% of balances recorded as doubtful.
Equity stands at levels close to the maximum and represents 7.6% of total assets.
AEB brings together representatives of 620 Latin American banks in Madrid to discuss a common agenda
The Latin American Federation of Banks (Felaban) holds meetings of the Board of Governors for the first time in Spain. AEB highlights the internationalisation of banking as a driver of economic progress and financial stability, and Felaban underscores the importance of Spain as a trading partner and the participation of Spanish banks in Latin America.
Spanish banks recorded an attributable profit of 7,987 million euros in 2016
Spanish banks recorded an attributable profit of 7,987 million euros in 2016, representing a 23.1% decrease compared to the previous year.
Consumer protection measures concerning mortgage floor clauses
We consider it essential to preserve the integrity and legal certainty of a mortgage system that for decades has very effectively fulfilled its function of providing access to credit for a large number of Spanish families to acquire home ownership.