{"id":35942,"date":"2006-06-26T00:00:00","date_gmt":"2006-06-25T22:00:00","guid":{"rendered":"https:\/\/aebanca.es\/actualidad\/te-interesa\/aeb-informa\/what-matters-is-a-clear-strategy\/"},"modified":"2026-04-09T09:53:14","modified_gmt":"2026-04-09T07:53:14","slug":"what-matters-is-a-clear-strategy","status":"publish","type":"blog-aeb","link":"https:\/\/aebanca.es\/en\/actualidad\/te-interesa\/aeb-informa\/what-matters-is-a-clear-strategy\/","title":{"rendered":"What matters is a clear strategy"},"content":{"rendered":"<p>The debate on the optimal size of banking institutions remains a constant topic in the media. The view of the specialist financial literature on the matter has not changed substantially. <\/p>\n<p>It could be summarised in the following three points:<br \/>\n&#8211; The relationship between size and profitability is uncertain. No significant correlation is observed between an institution\u2019s size, measured by the average volume of its assets, and its ROE (return on equity).<br \/>\n&#8211; Although, in theory, one might think that size should make it possible to generate comparative advantages, reduce costs, increase and diversify income, etc., the reality is that the facts do not seem to support the existence of significant economies of scale or scope, or that they do not run out at relatively small sizes.<br \/>\n&#8211; Studies carried out on large samples of merger transactions across all types of companies reveal that in 44% to 58% of cases, after two or three years, no value would have been created for shareholders.<\/p>\n<h6><a href=\"https:\/\/aebanca.es\/wp-content\/uploads\/2017\/12\/08-200904465.pdf\">Read the article by Miguel Mart\u00edn, President of the AEB, published in Cinco D\u00edas.<\/a><\/h6>\n","protected":false},"excerpt":{"rendered":"<p>Spanish banks have embarked on a race against the clock to reach the optimal size to secure their future. Although each institution\u2019s strategies differ, they are all aware that, more than size, to lead the way they must prioritise profitability and efficiency. <\/p>\n","protected":false},"featured_media":0,"parent":0,"template":"","etiquetas":[330,372,632],"categorias-blog":[783],"class_list":["post-35942","blog-aeb","type-blog-aeb","status-publish","hentry","etiquetas-aeb","etiquetas-bancos","etiquetas-miguel-martin","categorias-blog-presidency"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Blog AEB - Asociaci\u00f3n Espa\u00f1ola de Banca<\/title>\n<meta name=\"description\" content=\"Spanish banks have embarked on a race against the clock to reach the optimal size to secure their future.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/aebanca.es\/en\/actualidad\/te-interesa\/aeb-informa\/what-matters-is-a-clear-strategy\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Blog AEB - 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