Archive for the ‘banks’ Category

Reorienting Spain’s international financial pull

Reorienting Spain’s international financial pull

Chinese investment in Spain is increasing dramatically with newly released figures showing 2015 to be a watershed year as investment last year was greater than the total invested in the previous five years. In fact, 2015 more than doubled on the previous year which saw 845 million Euros come in as opposed to over 1880 million Euros last year. This massive up-swing has been on the cards for some time…

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Banca March Named Best Spanish Private Bank

Banca March Named Best Spanish Private Bank

For the second year in a row, Banca March has been voted Best Private Bank in Spain by the British publication Global Banking and Finance Review. An undoubted feather in the cap for the Spanish lender, particularly given some of the criteria evaluated by the jury: solvency, bad debts, provisioning levels and the health of the bank’s loan portfolio.

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Banco Sabadell Buys British Bank TSB

Banco Sabadell Buys British Bank TSB

Spain’s banking sector is now in recovery mode after undergoing an in-depth restructuring to streamline the number of lenders, clean up their balance sheets and boost their capital base. And what better proof of the sector’s strength than Catalonia-based Banco Sabadell’s recent takeover of Britain’s Trustee Savings Bank (TSB).

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S&P Upbeat on Spanish Banks

S&P Upbeat on Spanish Banks

Spanish banks are on course to consolidate in 2015 the improvement in earnings seen last year, according to Standard and Poor (S&P). As the country continues its economic recovery, lenders’ bad debts will decline and profitability will improve, the ratings agency said in a report published in February. S&P expects the banks to post recurrent prextax profit of about 14 billion euros in 2015, up 25-30 percent from a year earlier.

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Spain’s Santander’s capital hike gets ratings agencies’ backing

Spain’s Santander’s capital hike gets ratings agencies’ backing

Spain’s biggest bank Santander took the market by surprise last month with a 7.5 billion euro capital hike and a dividend cut, which the lender’s new chief Ana Botin said was to help fund the group’s expansion. The eurozone’s biggest bank by market value sold 1.2 billion shares at 6.18 euros each overnight on January 8, at the bottom of the indicated price range for the share placement and at a 10 percent discount to Santander’s last closing price.

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Spanish banks set to revive corporate lending in 2015

Spanish banks set to revive corporate lending in 2015

A revival is expected in Spanish banks’ corporate lending business as the economy emerges from a prolonged slump and returns to growth.
Households are also set to benefit from improved access to mortgage lending, a factor which will be key to ensuring that the fledgling recovery in the country’s property market is sustainable.

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Standard and Poor’s Upgrades Spanish Banks

Standard and Poor’s Upgrades Spanish Banks

Spain’s recovering economy, which emerged from recession in the second half of 2013, is slowly feeding through to the banks, fuelling a positive response from rating agencies like Standard & Poor’s.
Last month, S&P raised its rating on four Spanish banks, including top lenders Santander and BBVA.

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Citi is Confident in the Spanish Bank

Citi is Confident in the Spanish Bank

After a wave of restructuring and rec-capitalisation, Spanish banks are back on investors’ buy list, endorsed by top global investment banks like Citi.
And their stock market performance so far this year reflects this renewed confidence, with some of the country’s mid-sized lenders notching up as much as 25 percent share price appreciation.

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Spain’s Banks Vie To Sell Property Management Businesses

Spain’s Banks Vie To Sell Property Management Businesses

Santander and Banco Popular are the latest lenders to dispose of their property management business, as they strengthen capital ahead of a Europe-wide review of assets next year. Santander, Spain’s largest bank, agreed last week to sell its real estate management division Altamira to US private equity group Apollo Global Management in a deal slated to be worth about 700 million euros.

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SMALL SPANISH BANKS ATTRACT FOREIGN BUYERS

SMALL SPANISH BANKS ATTRACT FOREIGN BUYERS

Spain has long been a target market for foreign banks looking to grow their business in mainland Europe.

Over the last two decades, international banks like Deutsche Bank, Citibank and Barclays expanded their Spanish network organically, taking advantage of the credit boom.

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