The Spanish banking market, whose total assets value was estimated by the European Banking Federation at €1,632 billion in 2004, represents the fifth largest market in Europe after Germany, United Kingdom, France and Italy. In terms of total assets held in European banks, Spain accounts for approximately 5%.
Spanish banking industry grew by 48% during the four years to 2004 (the last year for which comparative data are available), exhibiting the highest growth comparatively to the others European countries.
The key trends affecting the Spanish banking market in the five years to 2005 have been:
A 73% expansion in the total assets value of banking products between 2001 and 2005.
High rates of growth in mortgage credit, driven by the longer maturities offered by banks and by the low interest rates of the Euro zone.
High growth in the supply of credit and debit cards.
Sustained growth in the number of debit card and credit card transactions.
High growth in the number of advertising projects of credit institutions.
Sources of particular importance are publications from Bank of Spain, the Spanish Banking Association, the Spanish Mortgage Association and the European Banking Federation.
Other sources of data include annual reports from banking companies, such as Banco Santander Central Hispano (BSCH), Banco Bilbao Vizcaya Argentaria (BBVA), Banco Popular, Banco Sabadell, Bankinter.
The aim of this report is to present key data relating to these changes, present them in an accessible manner, providing analysis in order to assess the state of the industry and, moving forward, to ascertain the key drivers of change.
Although the report deals exclusively with Spain, its scope is occasionally broadened where insight may be gained from placing the domestic market in a wider international context.
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