Tag #Banking Merger

What are the long-term implications for the Spanish banking sector and what key risks does S\&P highlight?

S\&P anticipates further consolidation among mid-sized European banks, including in Spain, driven by the lack of a European banking union. They expect 2024 to be the peak year for Spanish bank profitability, but it will remain solid, with Spanish banks widening their profitability gap over European peers, even considering the bank tax. Cyberattacks are identified as an increasing risk.