Spanish banking groups obtained an attributed profit of €14,943 million in 2009 following a sharp increase in provisions and equity
Spanish banks achieve a substantial improvement in their solvency after increasing their eligible capital by 14.5%.
The Secretary General of the AEB highlights that, amidst the crisis, Spanish banks have strengthened their competitive position and capital soundness.
Spanish banking groups reported an attributable profit of 12,709 million euros as of September 30, 2009, representing a 10% decrease, after allocating 15,993 million to provisions.
Spanish banking groups recorded an attributed profit of 12,709 million euros in the first nine months of 2009
Spanish banking groups recorded an attributed profit of 12,709 million euros in the first nine months of 2009, representing a 10.7% decrease compared to that obtained in the same period of 2008.
Results of Spanish banks as of June 30, 2009
Spanish banking groups recorded an attributable profit of 8,551 million euros in the first half of 2009, representing a decrease of 12.1% compared to that obtained in the first half of 2008.
The AEB General Secretary points out that “Spanish banks are generating profits in the midst of an unprecedented economic and financial crisis”
Spanish banking groups recorded a profit of 4,052 million euros in the first quarter of 2009, representing a 21.5% decrease.
The president of the AEB states: “Spanish banks are preparing to compete in a new international financial landscape”
Miguel Martín predicts that the resolution of the crisis will bring significant changes to the regulation, supervision, and business model of the international financial system.
Speech by the President of the Spanish Banking Association (AEB) at the forum “The Changing Situation in the Global Economy”
“Spanish banks demand transparency and competitive equality,” Miguel Martín, President of the Spanish Banking Association.
Results of Spanish Banks as of September 30, 2008
The attributed profit of Spanish banking groups as of September 30, 2008 amounted to €14,203 million, €62 million more (0.44%) than that obtained in September 2007 (€14,141 million).
Results of Spanish banks as of June 30, 2008
The attributed profit of Spanish banking groups as of June 30, 2008, amounted to 9,712 million euros, representing a decrease of 113 million euros (1.15%) compared to the profit obtained in June 2007 (9,825 million euros).
Strong results in a more challenging environment
In the first quarter of 2008, Spanish banking groups recorded attributable profit of €5,153 million, equivalent to growth of 10% compared with the same period of the previous year.