September 2007. Good results and strength of the banking sector.
The results of the Spanish banking sector in the first nine months of 2007 show strong and sustained growth over 2006, a very good year, based on recurring business income. The strength and health of the balance sheet and the high quality of the results provide a solid foundation that allows us to look to the future with confidence.
Results of Spanish banks as of June 30, 2007
The results for Spanish banks as a whole during the first half of 2007 amounted to 7,684 million euros, representing a 37% increase compared to the same period of the previous year.
Strong quarter for the banking sector
Spanish banks performed well in the first quarter of 2007, as evidenced by the significant growth in their results, the positive evolution of their activity, and, as a result of all this, the progress in profitability obtained.
Bank Results January-September 2006
The information in the annex corresponds to the aggregated data of the 24 banking groups that appear in the public financial statements, compared with the corresponding data for the same months of the previous year, both adapted to the new accounting standards.
Bank results in the first quarter of 2006
The information in the annex corresponds to the 25 banking groups included in the public financial statements, covering their activities both in Spain and in other countries.