The Spanish financial system has a number of institutions (banks , savings banks and savings ), ensuring proper intermediation between savers and those who need financing. Here are the top 5 banks and financial institutions of Spain according to objective criteria such as assets , profitability, etc. .
There are three main groups of credit banks in Spain , dedicated to mediate between the resource providers ( savers) and those demanding these resources (borrowers ) : banks, savings banks and credit cooperatives .
Such entities must obtain government authorization to operate, their activities are subject to strict regulations and are under the supervision of the Bank of Spain . All this in order to ensure the protection of public resources and the stability of the national financial and monetary system .
It should be noted that there are also other specialized financial companies specifically in a particular activity , such as leasing , investment funds , insurance , factoring and confirming , and pension funds , which are also supervised by the State .
Although in Spain there are more than 80 banks and savings banks , 5 of these institutions stand out over other .
It has produced a ranking of these parameters based on certain objectives mentioned below:
Credit rating awarded by an international rating agency , Moody 's, which measures the risk of the bonds issued by the bank or box.
Total assets , which includes both public deposits as equity of the entity.
Attributable profit , ie net profit after taxes and other deductions.
ROE ( returns obtained by the company for the money of its shareholders ) .
The delinquency rate of loans and the percentage of coverage of such delinquent loans .
Number of employees and offices.
All these data are referred to the December 31, 2010 , according to publicly filed annual reports for each institution.
Ranking of the top 5 banks
1 - Banco Santander Central Hispano ( BSCH ) . Not only would be in first place in Spain but it is also the third largest bank in the world when compared to results.
Has a credit rating of Aa2 , its total assets were € 1.21 trillion ( million million) , and had an attributable profit of € 8.181 million . Its ROE was 11.80 % per annum , the rate of delinquency is 3.55 % and has a coverage ratio of 73% .
Your workforce is 178,869 people with 14,082 branches in different countries (plus Spain , especially in Latin America and the United Kingdom).
2 - Banco Bilbao Vizcaya Argentaria (BBVA ) . Also with Aa2 credit rating , the same as the Spanish State , with assets of € 582.738 million and net profit attributable € 4.606 million .
Its ROE was 15.8 %, with an NPL ratio of 4.1 % and a coverage ratio of 62% . This bank has 104,000 employees in 30 countries , with 7,361 offices .
3 -La Caixa . This savings bank based in Barcelona is the only in its class to Aa2 credit rating , has assets of € 285.724 million , net profit attributable € 1,307 million . Its ROE was 9.3 %, a 3.71 % default rate and 70 % coverage ratio . It has over 53,000 employees and 5,400 branches .
4 - Caja Madrid Baa1 rating , the lowest of the 5 , € 186,500 million in assets, € 256 million attributable profit , 5.43 % default , 15,000 employees and 2,170 offices .
5 - Bank, with credit rating of A2 , 142.000millones € in assets, € 590millones attributable profit , ROE of 7.13 % delinquency rate of 5.27 % and 59.14 % coverage , 14,252 employees and 2,224 offices .