The country’s banks are in a more solid position than their European peers, but ESG and digitisation remain challenging for the sector, and more consolidation could be on the cards. 

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. 

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

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.

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