Spanish banks have exhibited resilience in the face of the pandemic, but an uncertain future is leading many to seek mergers.

Spain is reeling from a huge drop in tourism revenues as a result of the pandemic. 

Digital and green reforms are central to recovery plan, says economy minister Nadia Calviño.

Merger set to create Spain’s fifth largest bank and follows approval of union between Bankia and CaixaBank.

Government support has mitigated credit risks but impact of Covid-19 second wave likely to ramp up pressure on lenders, says DBRS Morningstar.

CaixaBank-Bankia union will create country's biggest bank with 20 million customers and 24% market share in deposits.

Spanish banks adapted to crisis quickly – but most acknowledge it will hit profitability.

A low interest rate environment, the cost of digitisation and competition from disruptors are all squeezing Spanish banks’ profitability but the general feeling is one of cautious optimism. 

Caixa Ontinyent is a rare thing – a Spanish savings bank that survived in the aftermath of the 2008 financial crisis. The Banker reports on how it pulled off this feat.

CaixaBank’s CEO talks to The Banker about driving efficiencies through digitalisation and transforming the Spanish bank’s distribution model.