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Economy and Banking Sector of Spain
Major Banks of Spain
| Rank | Name | Market % | Total Assets |
|---|---|---|---|
| 1 |  | 39.65 % | 757.34 bln EUR (+0.98%) |
| 2 |  | 25.70 % | 490.88 bln EUR (+6.97%) |
| 3 |  | 9.42 % | 179.95 bln EUR (-8.01%) |
| 4 |  | 5.71 % | 109.06 bln EUR (+3.89%) |
#1: Banco Santander, S.A.
Established in 1857, Banco Santander is now the largest bank in Spain in terms of total assets. The bank's main business activity is retail banking which provides more than a half of the bank's income. Banco Santander, S.A. is the head bank of Santander Group (Spain).
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Banco Santander, S.A. is the 1st largest bank in Spain in terms of total assets. In 2023 its total assets were 757,34 bln EUR, providing the bank with the market share of 39.65%. In 2023 the bank's net income was 9 238,75 mln EUR.
Banco Santander, S.A. is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is A- (high credit quality). Long-term credit rating assigned to the bank by Moody's is A2 (upper medium grade). Banco Santander, S.A. participates in the deposit guarantee scheme of Spain.This scheme covers accounts up to 100,000 EUR per bank per depositor.
#2: Banco Bilbao Vizcaya Argentaria, S.A.
Banco Bilbao Vizcaya Argentaria (BBVA) traces its history back to 1857 when Banco de Bilbao was founded. In 1960s, Banco de Bilbao acquired other banks and began to create a financial group. Banco de Vizcaya continued to grow and establish itself as a modern, universal bank and an important financial group. Following a series of mergers and acquisitions BBVA Group was formed in October 1999. BBVA is currently a global universal bank with a strong position in the Spanish market, Mexico and South America.
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Banco Bilbao Vizcaya Argentaria, S.A. is the 2nd largest bank in Spain in terms of total assets. In 2023 its total assets were 490,88 bln EUR, providing the bank with the market share of 25.70%. In 2023 the bank's net income was 4 807,41 mln EUR.
Banco Bilbao Vizcaya Argentaria, S.A. is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is BBB+ (good credit quality). Long-term credit rating assigned to the bank by Moody's is A2 (upper medium grade). Banco Bilbao Vizcaya Argentaria, S.A. participates in the deposit guarantee scheme of Spain.This scheme covers accounts up to 100,000 EUR per bank per depositor.
#3: Banco de Sabadell, S.A.
Banco de Sabadell traces its roots back to 1881 when a group of businessmen from Sabadell founded a bank to finance local industries under more favourable conditions. Banco de Sabadell is a universal bank specializing in providing financial services to natural persons and small- and medium-sized enterprises.
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Banco de Sabadell, S.A. is the 3rd largest bank in Spain in terms of total assets. In 2023 its total assets were 179,95 bln EUR, providing the bank with the market share of 9.42%. In 2023 the bank's net income was 1 088,01 mln EUR.
Banco de Sabadell, S.A. is rated by Fitch, Moody's. Long-term credit rating assigned to the bank by Fitch is BBB- (good credit quality). Long-term credit rating assigned to the bank by Moody's is Baa1 (lower medium grade). Banco de Sabadell, S.A. participates in the deposit guarantee scheme of Spain.This scheme covers accounts up to 100,000 EUR per bank per depositor.
#4: Bankinter, S.A.
Bankinter was founded in June 1965 by Banco de Santander and Bank of America. In 1972 Bankinter was listed on the Madrid Stock Exchange and became fully independent of its founders. Bankinter provides retail and corporate banking products and services as well as online brokerage and insurance.
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Bankinter, S.A. is the 4th largest bank in Spain in terms of total assets. In 2023 its total assets were 109,06 bln EUR, providing the bank with the market share of 5.71%. In 2023 the bank's net income was 722,41 mln EUR.
Bankinter, S.A. is rated by Moody's. Long-term credit rating assigned to the bank by Moody's is A2 (upper medium grade). Bankinter, S.A. participates in the deposit guarantee scheme of Spain.This scheme covers accounts up to 100,000 EUR per bank per depositor.