The Spanish banking sector is facing a number of headwinds, including inflationary pressure, a proposed government windfall tax and macroeconomic uncertainties, but market analysts are generally optimistic about the banks’ future profitability. 

An aggressive process of M&A activity among Spanish banks has radically reshaped the country’s financial services map. But now lenders are focused on expanding organically, although some believe further consolidation remains a viable option. 

The Spanish banking sector has rebounded strongly from the pandemic, posting strong results for 2021. However, uncertainties remain over inflationary pressures and the evolution of interest rates. 

The appointment of César González-Bueno as CEO of Spain’s fourth biggest bank highlights the lender’s focus on digital banking. 

Spain has a unique opportunity to rebuild its economy in a greener, more robust way.

José Ignacio Goirigolzarri, executive chairman of CaixaBank, on coming out of retirement to help the Spanish economy out of a tricky situation.