Spain is expected to recover the lost economic output from the pandemic by the end of 2022, with solid growth predicted in the next few years. After a contraction of 10.8% in 2020, Spain saw growth of 6.1% in 2021, with 5.5% growth expected in 2022, with support from the NextGenerationEU fund to provide a boost to the economy. Spanish banks also made use of supportive measures with lenders’ credit quality proving to be resilient during the pandemic.
The best-performing bank this year among Spain’s 10 largest lenders is Bankinter, with an overall score of 5.48. Its surge to the top, after being ranked seventh last year, can be attributed to its table-topping performance in terms of profitability and return on risk.