Best banks in Spain

Overview of Banks in Spain

The Spanish central monetary jurisdiction is Banco de España. It works as the national supervisor of banks in Spain. In 1782 established in Madrid, Spain’s central bank is a member of the European System of Central Banks.
The Spanish banking system is integrated with international financial markets. Banks also include credit, stock and money markets, and markets derivatives.

Banks in Spain include:

1. Banco Bilbao Vizcaya Argentaria, S.A. (BBVA)

Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) is a global financial group. It is the second largest bank in Spain. It is a product of the merger between Banco Bilbao Vizcaya and Argentaria in 1999. Banco Bilbao Vizcaya Argentaria was founded in 1817. Bank provides various financial services to 78 million customers in over 29 countries.

  • Revenue: 9.22 billion euros (2017)
  • income: 2.083 billion euros (2017)
  • Total assets: 400.08 billion euros (2017)

2. Banco de Sabadell

The fifth-largest Spanish banking group is the Banco de Sabadell. And affiliated with several banks in Spain, associated banks, brands, and subsidiaries.
Alicante is headquartered in Spain. The universal bank set off a network of 2,768 domestic and 669 international branches. It serves 11 million customers as of 2016.
  • Revenue: 5.471 billion euros (2016)
  • Net income: 710 million euros (2016)
  • Total assets: 212.51 billion euros (2016)

3. Banco Popular Español

In 1926 is founded, Banco Popular Español used to be the sixth-largest banking group in the country. Banco Popular Español provides a range of banking products and services.
It has mainly four segments:
  • commercial banking,
  • asset management,
  • insurance,
  • and real estate and institutional and market areas.
  • Revenue: 2.83 billion euros (2016)
  • Net income (loss): -3.49 billion euros (2016)
  • Total assets: 147.93 billion euros (2016)

4. Bankinter

With headquarters in Madrid, Bankinter was founded in 1965. As a Spanish industrial bank that was a joint venture between The Bank of America and Banco de Santander.
As of 2017, it operated a network of 48 private banking centers. 22 corporate banking management centers. 72 business centers, and 364 universal offices, serving almost 69,000 customers.
  • Revenue: 1.85 billion euros (2017)
  • Net income: 495.2 million euros (2017)
  • Total assets: 71.33 billion euros (2017)

5. KutxaBank

Kutxa Bank is formed by a merger of
  • Bilbao Bizkaia Kutxa (BBK),
  • Gipuzkoa Donostia Kutxa (Kutxa),
  • and Caja Vital Kutxa (Vital) amalgamated to become KutxaBank in 2012.
The merger took place following a prolonged period of internal discussion and integration.
In Andalusia and Extremadura, the bank is currently active. After 2014’s European stress test, which evaluates a bank’s ability to remain solvent during a credit crisis. The KutxaBank is identified as Spain’s top bank.

Revenue: 948.37 million euros (2017)

Net income: 184.42 million euros (2017)

Total assets: 46.61 billion euros (2017)

6. Caja Rural Group

Caja Rural Group was founded by the Rural Savings Banks and has 74 members and 4,000 offices nationwide.
Cajas Rurales group provides a variety of specialized and tailored banking products. The group offers services by employing in-depth local market knowledge.

Revenue: 266.74 million euros (2016)

Net income: 69.51 million euros (2016)

Total assets: 11.086 billion euros (2016)

7. Unicaja Banco

Banco main office is in Malaga. Unicaja Banco serves the southern region of the nation with retail banking services. In 1991, the bank was formed as a result of the union of five domestic financial companies.

Revenue: 693.54 million euros (2017)

Net income: 201.97 million euros (2017)

Total assets: 34.46 billion euros (2017)