西班牙银行系统行业市场前景及投资研究报告-培训课件外文版2024.6

INDUSTRIES

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MARKETSBankingindustryinSpainCHAPTER

01OverviewTotalnumberofcreditinstitutionsinSpainfrom2008to2023NumberofbanksinSpain2008-202340035030025020015010050020082009201020112012201320142015201620172018201920202021202220234/statistics/350583/eurozone-spain-number-mfi-credit-institutionsThenumberofcreditinstitutionsinSpaindecreasedgraduallybetween2008and2023,droppingtothelowestnumberin2023.AsofDecember2023,therewereatotalof187creditinstitutionsinthecountry,fivelessthaninthepreviousyear.

ReadmoreNote(s):Spain;2008to2023Source(s):ECBTotalassetsofthebankingindustryinSpainfrom2010to2022(inbillioneuros)TotalassetsofthebankingindustryinSpain2014-20224,5004,058.913,956.623,847.934,0003,675.33,536.453,549.73,501.293,432.613,402.043,5003,0002,5002,0001,5001,00050002014201520162017201820192020202120225Description:ThetotalassetsoftheSpanishbankingindustryincreasedoverallbetween2014and2022,despiteslightfluctuations.In2022,thevalueofbankassetsamountedtoroughlyfourtrillioneuros,upfrom3.96trillioneurosin2021.

ReadmoreNote(s):Spain;2014to2022Source(s):ECBTotalassetsofthebankingindustryaspercentageofgrossdomesticproduct(GDP)inSpainfrom2008to2023TotalassetsofthebankingindustryaspercentageofGDPinSpain2008-2023355%348.65%345%335%325%315%305%295%285%275%265%338.84%326.84%326.12%323.94%321.95%320.45%318.34%309.61%307.51%296.28%290.48%285.63%2022281.02%

280.79%275.15%2023*200820092010201120122013201420152016201720182019202020216Description:ThetotalconsolidatedassetsofdomesticbankinggroupsasapercentageofnominalGDPinSpainfluctuatedwidelybetween2008and2023,withthehighestsharemeasuredin2012,ataround348.7percent.Incontrast,in2023,thevalueoftotalbankingassetsamountedto275.15percentoftheGDP,thelowestsharemeasuredduringthistimeperiod.ReadmoreNote(s):Spain;2008to2023Source(s):ECBCompositionofbankingsectorassetsinSpainasofDecember2023,byassettypeAssetcompositionofthebankingindustryinSpain202370%65%60%50%40%30%20%10%0%14.3%10.07%5.8%3.3%0.8%LoansandadvancesDebtsecuritiesCashbalancesOtherassetsDerivativesEquityinstruments7Description:InDecember2023,thelargemajorityofbankingsectorassetsinSpainweremadeupofloansandadvancestoindividualsandbusinesses.Debtsecurities,followedbycashbalances,hadthesecond-highestshareofbankingsectorassetsacrossSpanishbanks.ThevalueofꢀassetsintheSpanishbankingindustryhasincreasedsignificantlysince2014,exceeding4.1trillioneurosattheendof2023.ReadmoreNote(s):Spain;December2023Source(s):EBANumberofemployeesinthebankingsectorinSpainfrom2010to2022EmploymentinthebankingindustryinSpain2010-2022300,000263,715248,093250,000200,000150,000100,00050,0000236,504217,878208,291202,961194,283190,451187,182181,575179,511168,352162,74020102011201220132014201520162017201820192020202120228/statistics/765375/employment-in-the-banking-sector-spainThenumberofemployeesintheSpanishbankingsectordecreasedsharplybetween2010and2022.In2010,thereweremorethan263,000employeesinthebankingindustry.Thisnumberdroppedgradually,reaching162,740employeesin2022.

ReadmoreNote(s):Spain;2010to2022Source(s):BankofSpainTotalnumberofbankbranchesinSpainfrom2010to2023NumberofbankbranchesinSpain2010-202350,00043,26745,00040,00035,00030,00025,00020,00015,00010,0005,00040,20238,23733,78632,07331,15528,95927,62326,31924,19722,58919,31217,94517,8920201020112012201320142015201620172018201920202021202220239Description:Between2010and2023,thenumberofbankbranchesinSpainfellbyalmost60percent.Thenumberofbankbranchesfellfrom43,267in2010to17,892in2023.Thedecreasingnumberofbankbranchesisnotaunique,Spanishtrend,asbranchnumbersfellsharplyintheEuropeanUnionasawholeinthesameperiod.ReadmoreNote(s):Spain;2010to2023Source(s):BankofSpainCHAPTER

02BankingsystemefficiencyandstabilityCost-to-incomeratioofthebankingindustryinSpainfrom4thquarter2008to3rdquarter2023Quarterlycost-to-incomeratioofthebankingindustryinSpain2008-202356%54%52%50%48%46%44%42%40%11Description:Between2008and2023,thecost-to-incomeratioofthebankingindustryinSpainfluctuatedaround50percent,withadownwardtrendinrecentyears.Thehighestratiowasreportedinthesecondquarterof2019at54.28percent.In2022and2023,theratiodecreasednotably,droppingto44.92percentinthethirdquarterof2023.ReadmoreNote(s):Spain;Q42008toQ32023Source(s):ECBNetinterestmarginofthebankingindustryinSpainfrom2010to2023(inmillionsofeuros)InterestmarginofthebankingindustryinSpain2010-202340,00034,29237,24435,00030,00025,00020,00015,00010,0005,000032,73929,56527,11826,81626,41024,29724,43523,17823,27722,98222,33711,5422019201020112012201320142015201620172018202020212022202312Description:ThenetinterestmarginoftheSpanishbankingindustryincreasedoverallbetween2010and2023,despiteagenerallydownwardtrend.AsofDecember2023,thenetinterestmarginstoodat37.24billioneuros,anotableincreasecomparedtoDecember2022.ReadmoreNote(s):Spain;2010to2023Source(s):BankofSpainNetinterestincomeofthebankingindustryinSpainfrom2008to2022(inbillioneuros)NetinterestincomeofthebankingindustryinSpain2008-2022908070605040302010020082009201020112012201320142015201620172018201920202021202213Description:Between2008and2022,thebankingindustryinSpainexperiencedapositivetrendinnetinterestincome,albeitwithfluctuations.In2008,netinterestincomereacheditslowestpointat58.27billioneuros.Thehighestnetinterestincomewasobservedin2022,reaching78.27billioneuros.ReadmoreNote(s):Spain;2008to2022Source(s):ECBValueofCommonEquityTier1(CET1)capitalofthebankingindustryinSpainfrom4thquarter2014to3rdquarter2023(inbillioneuros)QuarterlyvalueofCET1capitalofthebankingindustryinSpain2014-202321521020520019519018518017514Description:ThecommonequityTier1(CET1)capitalofthebankingindustryinSpainreacheditshighestpointinthethirdquarterof2016with213.09billioneurosbetween2014and2023.Itreacheditslowestvalueafteraperiodofgradualdecreaseinthesecondquarterof2018.Afterthat,agenerallyupwardtrendbegan,ꢀalbeitwithslightfluctuations.Asofthethirdquarterof2023,thevalueofCET1capitalofthebankingindustryinSpainstoodat203.97billioneuros.ReadmoreNote(s):Spain;Q42014toQ32023Source(s):ECBCommonEquityTier1(CET1)ratioofthebankingindustryinSpainfrom4thquarter2014to3rdquarter2023QuarterlyCET1ratioofthebankingindustryinSpain2014-202314.0%13.5%13.0%12.5%12.0%11.5%15Description:TheCommonEquityTier1(CET1)ratioofthebankingindustryinSpain,akeymeasureofabank'sfinancialstrengthandcapitaladequacy,showedfluctuationsbetween2014and2023.Startingat11.82percentinthefourthquarterof2014,itreacheditspeakat13.42percentinthethirdquarterof2021.Asofthethirdquarterof2023,theCET1ratioofthebankingindustrywas13.04percent.ReadmoreNote(s):Spain;Q42014toQ32023Source(s):ECBReturnonequity(ROE)ofthebankingindustryinSpainfrom4thquarter2014to1stquarter2023QuarterlyROEofthebankingindustryinSpain2014-202320151050-5-1016Description:DuetotheimpactoftheCOVID-19pandemiconthebankingsystem'sprofitability,thereturnonequity(ROE)ofSpanishbankssankin2020andreachedanegativeratioof8.7percentinthesecondquarter.TheROEofthebankingindustryincreasedsharplyin2021,andremainedhighinthefollowingyears.Inthelastquarterof2023,theROEstoodat12.7percent.ReadmoreNote(s):Spain;Q42014toQ42023Source(s):EBALoan-to-deposit(LTD)ratioofthebankingindustryinSpainfrom2010to2023Loan-to-depositratioofthebankingindustryinSpain2010-2023160%150%149%150%140%130%120%110%100%90%137%123%119%115%2015110%2016110%2017105%2020104%2018101.57%2022100.76%2021100.74%202399%20102011201220132014201917Description:Theloan-to-deposit(LTD)ratiooftheSpanishbankingsystemdecreasedconsiderablybetween2010and2023.In2023,theratiobetweencreditsanddepositsofSpanishbanksstoodat100.74percent,morethan48percentagepointslessthanin2010.TheSpanishbankingindustryreacheditsbestdegreeofliquidityin2019.ReadmoreNote(s):Spain;2010to2023Source(s):ECBCHAPTER

03RetailbankingTotalcustomerdepositsinthebankingsysteminSpainfrom2010to2023(inbillioneuro)TotalcustomerdepositsinbankingindustryinSpain2010-20232,5002,1782,1232,1232,0602,0311,9342,0001,5001,0005001,8671,8671,8361,8491,7251,6841,6861,63702010201120122013201420152016201720182019202020212022202319Description:TotalcustomerdepositsintheSpanishbankingsystemincreasedoverallduringthelastdecade,despitesomefluctuations.Thevalueofdepositsreached2.12trillioneurosattheendof2022,whichwasthehighestvalueobservedduringthedecade.Thevalueofcustomerdepositsremainedmoreorlessthesamein2023.ReadmoreNote(s):Spain;2010to2023Source(s):BankofSpainLoan-to-deposit(LTD)ratioofthebankingindustryinSpainfrom2010to2023Loan-to-depositratioofthebankingindustryinSpain2010-2023160%150%149%150%140%130%120%110%100%90%137%123%119%115%2015110%2016110%2017105%2020104%2018101.57%2022100.76%2021100.74%202399%20102011201220132014201920Description:Theloan-to-deposit(LTD)ratiooftheSpanishbankingsystemdecreasedconsiderablybetween2010and2023.In2023,theratiobetweencreditsanddepositsofSpanishbanksstoodat100.74percent,morethan48percentagepointslessthanin2010.TheSpanishbankingindustryreacheditsbestdegreeofliquidityin2019.ReadmoreNote(s):Spain;2010to2023Source(s):ECBAnnualaverageinterestrateonnewresidentialmortgageloansinSpainfrom2006to2022AnnualaverageinterestrateonnewmortgageloansinSpain2006-20226.0%5.5%5.0%4.5%4.0%3.5%3.0%2.5%2.0%1.5%1.0%2006200720082009201020112012201320142015201620172018201920202021202221Description:TheannualaverageinterestrateonnewresidentialloansinSpainincreasedinforthefirsttimein2022aftera10-year-longperiodofyear-on-yeardecrease.In2022,theaveragemortgageratewas1.96percent,upfrom1.49percenttheyearbefore.Despitetheincrease,2022hadthethird-lowestinterestrate.ReadmoreNote(s):Spain;2006to2022Source(s):ECB;EuropeanMortgageFederation;FederalReserveValueofmortgagesconstitutedinSpainfromJanuary2017toAugust2023(inbillioneuros)ValueofmortgagesconstitutedpermonthinSpain2017-202310.09.08.07.06.05.04.03.022Description:Since2017,themonthlyvalueofmortgagesconstitutedinSpain,includingloansforthepurchaseofhomes,land,andplots,hasrangedbetween3.9billioneurosand9.4billioneuros.InAugust2023,thevalueofmortgageloansconstitutedamountedto6.66billioneuros,adeclinefromthesamemonththepreviousyear.Overall,thelargestshareofmortgagelendingwasforthepurchaseofhomes.

ReadmoreNote(s):Spain;January2017toAugust2023Source(s):ColegiodeRegistradoresdelaPropiedadNumberofmortgagesgrantedbybanksinSpainfrom2005to2022NumberofmortgagesgrantedbybanksinSpain2005-2022700,000600,000500,000400,000300,000200,000100,000020052006200720082009201020112012201320142015201620172018201920202021202223Description:In2021,thenumberofmortgagesgrantedbybanksinSpainamountedtoover541,000,upfrom541,000thepreviousyear.Thesefiguresincludeplots,dwellings,andagriculturalland.Andalusia,Catalonia,andtheCommunityofMadridwerethemostactivemortgagemarketsin2022.ReadmoreNote(s):Spain;2005to2022Source(s):ColegiodeRegistradoresdelaPropiedadNumberofmortgagesconstitutedinSpainfrom2005to2022,typeoflenderMortgagesconstitutedinSpain2005-2022,bytypeoflenderBankSavingsbankOtherentities2,000,0001,800,0001,600,0001,400,0001,200,0001,000,000800,000600,000400,000200,000020052006200720082009201020112012201320142015201620172018201920202021202224Description:ThemajorityofmortgageloansinSpainsince2013havebeenconstitutedbybanks.In2022,bankswereresponsibleforabout541,000mortgageloans,whileotherentitiesaccountedforlessthan68,000loans.Thesefiguresincludeloansforplots,dwellings,andagriculturalland.Andalusia,Catalonia,andtheCommunityofMadridhadtheꢀhighestnumberofloansconstituted.ReadmoreNote(s):Spain;2005to2022Source(s):INE(Spain)ValueofdebitcardtransactionsforpaymentsinSpainfrom2012to2022(inmillioneuros,andestimatesinU.S.dollars)AnnualdebitcardspendinginSpain2012-2022,inlocalcurrencyandUSDTransactionvolumeinmillioneurosTransactionvolumeinmillionU.S.dollars250,000200,000150,000100,00050,00002012201320142015201620172018201920202021202225Description:DebitcardpaymentsinSpainincreasedbynearly14billioneurosin2022,ayear-on-yearincreaseofroughly10percent.ThiswasasizableincreasefortheEuropeancountry,continuingatrendupwardsthatsetitinyearsago.Beforethecoronaviruspandemic,athree-yearsurveyfromtheEuropeanCentralBankobservedthatSpainrankedamongꢀthemorelikelycountriesinEuropetousecashmoney.

ReadmoreNote(s):Spain;2012to2022Source(s):BankforInternationalSettlements;BankofSpain;WorldBankValueofcreditcardanddelayeddebitcardtransactionsforpaymentsinSpainfrom2014to2022(inmillioneuros,andestimatesinU.S.dollars)AnnualcreditcardspendinginSpain2014-2022,inlocalcurrencyandUSDTransactionvolumeinmillioneurosTransactionvolumeinmillionU.S.dollars140,000120,000100,00080,00060,00040,00020,000020142015201620172018201920202021202226Description:In2022,creditanddelayeddebitcardpaymentsinSpainreachedatotalvalueofapproximately126billioneuros.Thisisanincreasefromthe94billioneurosreachedin2015.ꢀRecently,theꢀnumberofcreditcardscirculatinginSpaingrewrapidly,reachingatotalofapproximately49millioncreditcardsin2016.Thiswasanincreasefromthe45millionreachedin2015andthehighestnumberreachedsincetheyear2000.ReadmoreNote(s):Spain;2014to2022;Spaindoesnotseparatebetweencreditcardsanddelayeddebitcards;Nofigureswereprovidedfrombefore2014Source(s):BankforInternationalSettlements;BankofSpain;WorldBankTotalnumberofdebitcardtransactionsprocessedforpaymentsinSpainfrom2000to2022AnnualnumberofdebitcardtransactionsinSpain2000-2022,percapitaDebitcardtransactions(inmillions)Debitcardpaymentspercapita7,0006,0005,0004,0003,0002,0001,00001601401201008060402002002

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202227Description:ThenumberofdebitcardtransactionsmadeinSpainwasover3,800millionin2019.Between2009y2014theincreaseindebitcardtransactionswasconstantbutdiscrete.However,from2015onwardstheuseofdebitcardsgrewsignificantlyonanannualbasis.ReadmoreNote(s):Spain;2000to2022;15yearsandolder;CardsissuedbyresidentPSPsSource(s):BankforInternationalSettlements;BankofSpain;WorldBankTotalnumberofcreditcardtransactionsprocessedforpaymentsinSpainfrom2014to2022AnnualnumberofcreditcardtransactionsinSpain2014-2022,percapitaCreditcardanddelayeddebitcardtransactions(inmillions)Creditcardanddelayeddebitcardpercapita3,5003,0002,5002,0001,5001,00050080706050403020100020142015201620172018201920202021202228Description:Creditcardpayments,combinedwithdelayeddebitcardtransactions,wereworthnearly3.1billioneurosin2022,anincreaseofover30percent.ThisisaccordingtofiguresfromSpain'scentralbank.TheexactmarketsizeofcreditcardsinSpainisunknown,asthecountrydoesnotinvestigateorreportsuchfigures.Itisoneoftheveryfewcountriesintheworldtodoso."Pure"creditcards,sothesourcewrote,areusedmuchlessthanthedelayeddebitcards.Spainalsodoesnotreportsuch[...]

ReadmoreNote(s):Spain;2014to2022;Spaindoesnotseparatebetweencreditcardsanddelayeddebitcards;Nofigureswereprovidedfrombefore2014Source(s):BankforInternationalSettlements;BankofSpain;WorldBankCHAPTER

04MobileandonlinebankingShareofbankaccountholdersprocessingbankingmattersviamobilebanking(smartphoneortablet)inSpainfrom1sthalf2019to4thquarter2023MobilebankingusageinSpain2019-2023,byquarter80%68%70%60%50%40%30%20%10%0%67%67%66%65%65%64%64%64%63%62%62%59%59%58%58%H12019

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Q4202330Description:Processingbankingaffairsviamobileincreasedinpopularitybetween2019and2023amongbankaccountholdersinSpain,with67percentofallbankaccountholdersprocessingbankingmattersviamobilebankinginthefourthquarterof2023,accordingtoꢀStatista'sConsumerInsights.Thiswasanincreaseofeightpercentagepointscomparedto2019.With67percent,mobilebankingwasthemostcommonmethodtoprocessbankingaffairsin2023.

ReadmoreNote(s):Spain;H12019toQ42023;2,013respondents;18-64years;bankaccountholdersSource(s):ConsumerInsightsShareofbankaccountholdersprocessingbankingmattersviaonlinebanking(PCorlaptop)inSpainfrom1sthalf2019to4thquarter2023OnlinebankingusageinSpain2019-2023,byquarter70%66%63%59%59%60%50%40%30%20%10%0%57%57%56%54%54%51%49%49%48%47%47%47%H12019

H22019

H12020

H22020

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Q4202331Description:TheshareofbankaccountholderswhoprocessedbankingmattersonlinedecreasednotablyinSpainbetween2019and2023.AccordingtoStatista'sConsumerInsights,theshareofbankaccountholderswhoprocessedbankingaffairsviaPCorlaptopdroppedfrom66percentin2019to47percentinthefourthquarterof2023.Despitethedownwardtrend,onlinebankingremainedoneofꢀtheprimarymethodstoprocessbankingaffairsinSpain.

ReadmoreNote(s):Spain;H12019toQ42023;2,013respondents;18-64years;bankaccountholdersSource(s):ConsumerInsightsPercentageofpeoplethatusedonlinebankinginSpainin2023,byhouseholdnetincomeShareofonlinebankingusersbyhouseholdnetincomeinSpain202380%70%60%69%62.7%57.8%50%40%30%20%10%0%46.8%40.9%Lessthan900euros901to1,600euros1,601to2,500euros2,501to3,000eurosMorethan3,000euros32Description:Roughly41percentoftherespondentsinSpainwhosehouseholdnetincomewaslessthan900eurosusedonlinebankingin2023.Onlinebankingshowedmorewidespreaduseamonghouseholdswithhighernetincome.

ReadmoreNote(s):Spain;25,000households;16-74yearsSource(s):INE(Spain)RankingofmosthighlyvaluedfreeonlinebankingappsbyinternetusersinSpainasofApril2024RankingoffreebankingappsbestratedbyinternetusersinSpain2024Averagerate*2.50.00.51.01.52.03.03.54.04.55.05.5CaixaBankNowRevolut4.84.74.7BancoSantanderSabadell4.5BBVA4.54.54.54.54.5IbercajaINGAbancaimaginKutxabankAppnovobanco4.34.333Description:AsofApril2024,CaixaBankNowwasthebest-ratedonlinebankingappinSpain,withanaveragerateof4.8points.BancoSantanderandRevolutfollowed,bothwithaverageratesof4.7points.

ReadmoreNote(s):Spain;April11,2024Source(s):GooglePlayStoreCHAPTER

05LargestbanksLeadingbanksinSpainasofSeptember2023,bytotalassets(inbillioneuros)LargestbanksinSpain2023,byassetsTotalassetsinbillioneuros02004006008001,0001,2001,4001,6001,8002,000BancoSantanderBBVA1,816.84757.74CaixaBank*BancodeSabadellBankinter500.02243.26108.3635Description:BancoSantanderwasthelargestbankinSpainasofSeptember2023,withtotalassetsamountingtoroughly1.81trillioneuros.TheothertopcontenderswereBBVAandCaixaBank,with758and500billioneurosinassets,respectively.ThebankinglandscapeinSpainismarkedbyalargegapthatseparatesleadingbanksandmediumbanks,sincethelatter'sassetsarefarfromreachingthevolumeoftheformer.

ReadmoreNote(s):Spain;September2023;*AsofDecember2023.ThevalueofassetsofCaixaBankhasbeenaddedbySource(s):AEB;Bankia;CaixaBankusingthebank'sconsolidatedfinancialstatementsasasource.

ReadmoreLeadingbanksinSpainasofFebruary2024,bymarketcapitalization(inmillioneuros)LargestbanksinSpain2024,bymarketcapitalizationMarketcapitalizationinmillioneuros30,000

40,000010,00020,00050,00060,00060,857.2670,000SantanderBBVA53,627.32CaixaBankSabadellBankinterUnicaja31,283.886,511.945,274.542,507.4936Description:BancoSantanderwasthelargestbankinSpainasofFebruary2024basedonmarketcapitalization.Thebankreportedamarketcapofover60.8billioneuros.ItwasfollowedbyBBVA,withamarketcapof53.63billioneuros.CaixaBankrankedthird,withamarketcapof31.3billioneuros.ReadmoreNote(s):Spain;February2024Source(s):BMELeadingbanksinSpainin2024,bybrandvalue(inmillionU.S.dollars)LeadingbanksinSpain2024,bybrandvalueBrandvalueinmillionU.S.dollars02,0004,0006,0008,00010,00012,00014,00016,00018,00020,000SantanderBBVA18,9087,206CaixaBank5,74237Description:AsofFebruary2024,SantanderwastheleadingbankinSpainintermsofbrandvalue.Santanderhadabrandvalueof18.9billionU.S.dollars,morethantwotimeshigherthanthatofBBVA,whichfollowedintheranking.CaixaBankrankedthird,withabrandvalueof5.74billionU.S.dollars.ReadmoreNote(s):Spain;2024Source(s):BrandFinanceReturnonequity(ROE)ofleadingbanksinSpainin2022ROEofleadingSpanishbanks2022ROERatio0%2%4%6%8%10%12%14%16%BBVASantanderBankinterCaixaBankSabadell14.6%10.67%12%8.3%7.76%38Description:In2022,BBVAreportedthehighestreturnonequity(ROE)amongtheselectedSpanishbanks,at14.6percent.SantanderandBankinterfollowed,withaROEof10.67and12percent,respectively.CaixaBankrankedfourthwithaROEof8.3percent,followedbySabadellwithaROEof7.76percent.ReadmoreNote(s):Spain;2022Source(s):Varioussources(Santander,BBVA,CaixaBank,Sabadell,Bankinter)Commonequitytier1(CET1)capitalratioofselectedSpanishbanksinJune2023CET1capitalratioofselectedbanksinSpain2023RatioCET1fullyloaded6%

8%0%2%4%10%12%14%16%18%20%Kutxabank17.66%Unicaja14.1%13.34%12.99%BancodeCreditoSocialCooperativoBBVAIbercaja12.93%12.76%12.52%12.52%12.3%SabadellCaixaBankAbancaSantanderBankBankinter12.25%39Description:AsofJune2023,Kutxabankwasthebank,amongthoseselected,withthegreatestfinancialsolvencyaccordingtotheCET1transitionalcapitalratio.Allselectedbanks'transitionalCET1ratioexceededtenpercent,complyingwiththeEuropeanUnion'srequirementswhich,basedontheBaselIIIaccord,settheminimumstandardforfullyloadedCET1ratioat4.5percent.ReadmoreNote(s):Spain;June2023Source(s):EBANon-performingloans(NPL)andadvancesasashareoftotallendingofselectedbanksinSpainasofJune2023Shareofnon-performingloansofbanksSpain2023Shareofnon-performingloansandadvances0.5%

1.0%

1.5%0.0%KutxaBank2.0%2.5%3.0%3.5%1.54%AbancaCorporacionBancaria,S.A.IbercajaBanco,S.A.1.93%2.02%Bankinter,S.A.2.19%CaixaBank,S.A.2.67%BancodeCreditoSocialCooperativoBancoSantander,S.A.2.83%2.87%2.93%2.97%BancoBilbaoVizcayaArgentaria,S.A.(BBVA)BancodeSabadell,S.A.UnicajaBanco,S.A.3.32%40Description:AsofJune2023,theshareofnon-performingloans(NPL)andadvanceswasrelativelylowinthelargestSpanishbanks.ThatNPLratiorangedbetweenoneandfourpercentinthebanksincludedhere.UnicajaBancohadtheNPLsratio,withitsnon-performingloansamountingtoover3.3percentofallitsloansandadvances.ReadmoreNote(s):June2023Source(s):EBACHAPTER

06ConsumerattitudeCustomerattitudetowardpersonalfinancesinSpainin4thquarter2023CustomerattitudetowardpersonalfinancesinSpain2023Shareofrespondents0%5%10%15%20%25%30%35%40%38%45%43%50%I'mworriedaboutmyfinancialfutureI'mwellinformedaboutmypersonalfinancialsituationIcouldimaginedealingwithmyfinancialtransactionsexclusivelyviamysmartphone32%IcouldimaginedealingwithmyfinancialtransactionsexclusivelyonlineOnlinefinancialserviceshavemademeconfidentabouthandlingmyownfinancesIcouldsavealotofmoneyifItookadvicefromafinanceexpert29%20%17%15%13%11%Newfinancialtopics,suchascryptoandNFTs,fascinatemeIftheserviceisgood,I'mhappytopayforaccountadministrationandtransactionsIcouldimaginegettingallmyfinancialservicesfromatechcompanysuchasGoogleorApple42Description:Morethan40percentofthebankaccountholdersworriedabouttheirfinancialfutureinSpaininthefourthquarterof2023.Atthesametime,38percentoftherespondentsindicatedthattheywerewellinformedabouttheirfinancialsituations,accordingtoStatista'sConsumerInsights.Intermsofattitudetowardsonlineand