BBVA, Spain’s second-largest bank by Tier 1 capital, has claimed the accolade as the country’s overall best-performing bank, having moved up from fourth position last year. It ranks first for growth, profitability and return on risk among a cohort of the 10 largest banks in Spain. BBVA increased its pre-tax profits (PTP) by 27.5% in 2022, and has the highest return on capital (14.2%) and return on assets (0.96%) of the Spanish banks in the Top 1000 World Banks ranking.
The country’s largest bank, Banco Santander, has slipped down three spots to sixth this year in the overall performance table. However, it has topped the table in the liquidity category, which looks at annual improvements in loans-to-assets and loans-to-deposits ratios.
