The document summarizes the major banks in Spain. It identifies the top 10 banks as: 1) Banco Santander, 2) Banco Bilbao Vizcaya Argentaria, 3) CaixaBank, 4) Banco de Sabadell, 5) Bankia, 6) Banco Popular Español, 7) Bankinter, 8) Unicaja Banco, 9) KutxaBank, and 10) Ibercaja Banco. It provides brief descriptions of each bank's founding date, headquarters location, assets, number of branches and customers. The Spanish banking system is integrated globally and influences the eurozone and global economy.

2. The Banco de España is the national supervisor of
banks in Spain. This Spanish central monetary
authority works within the framework of the
Eurozone‘s Single Supervisory Mechanism. It was
founded in Madrid in 1782. Noteworthy is the fact that
Spain’s central bank is currently a member of the
European System of Central Banks.
The Spanish banking system is fully integrated with
international financial markets. They have influence
and Spanish banks are well known worldwide, they
have influence in the eurozone and they affect the
global economy. The biggest banks in Spain include:

3. Banco Santander is the largest bank in Spain in both
revenue and assets. This bank was founded in
Santander in 1857 and since 2000, the Spanish bank
has been expanding, even more, operating on 4
different continents. The bank has many awards and
has even been ranked on the Forbes Global 2000 list of
the biggest public companies in the world.
1. Banco Santander

4. Banco Bilbao Vizcaya Argentaria, S.A. is a global
financial group and is often referred to simply as BBVA.
It has one of the most recognizable logos in the world
which is a testament to its credentials as a leading
global financial institution. It has been ranked the
second-largest of banks in Spain, far from its humble
beginnings in Bilbao in 1857. Currently, it serves over
70 million customers in more than 30 countries
worldwide.
2. Banco Bilbao Vizcaya
Argentaria, S.A. (BBVA)

5. CaixaBank has been frequently ranked as the third-
largest bank in Spain. It has the largest banking
network of 5,397 branches to compete with the other
big banks. It has its headquarters in Valencia and
serves 15.8 million customers.
3. CaixaBank

6. Banco de Sabadell is another large Spanish banking
group, with its headquarters Alicante, Spain. The city
where it was founded, is still in the name of the bank,
Sabadell which is a province of Barcelona. It began as
a venture to finance local industries but later focused
on commercial banking. It was a large banking network
with 2310 branches in Spain and 53 international
branches, all over the world.
4. Banco de Sabadell

7. The Spanish bank, Bankia is a consolidated bank
founded in 2010. The consolidated bank has assets
worth over 212 billion euros. The merging banks were
Caixa Laietana, Caja Segovia, Caja Madrid, Bancaja,
Caja Canarias, Caja Ávila, and Caja Rioja. The Fund for
Orderly Bank Restructuring has 100% ownership of
Bankia since the economic downturn in 2011.
5. Bankia

8. Banco Popular Español was founded in 1926 but in
2017, it was bought by Banco Santander. It still
operates and provides commercial banking, asset
management, insurance, and real estate investments. It
has its headquarters in Madrid and has clients in
Portugal, Mexico, and the US.
6. Banco Popular Español

9. In 1965, a joint venture of The Bank of America and
Banco de Santander created a Spanish industrial bank
that would later be Bankinter as we now know it.
Currently, it is a commercial bank that serves over
70,000 customers and has its headquarters in Madrid.
It has a history with Madrid, where it was listed on the
Madrid Stock Exchange in 1972. Bankinter was a
forerunner in electronic banking services in Spain,
launching such a successful service in 1993.
7. Bankinter

10. Unicaja Banco is a retail banking service provider
institution headquartered in Malaga founded in 1991 with
a merger of five other banking institutions. Its specialties
include e-banking, deposits, personal loans, trade
finance, foreign exchange, brokerage services, customer
collection, insurance, asset management, securities,
zero plan for professional freelancers, zero plan for
professional firms and cards, with 3 million clients and
1,180 branches nationwide, maintaining a leading
position in regions of origin, Andalusia and Castilla y
Leon.
The bank’s asset volume places it as one of the top ten
banks in Spain and is managed by Fundacion Bancaria
Unicaja.
8. Unicaja Banco

11. Founded out of a merger of Basque financial institutions —
Bilbao Bizkaia Kutxa, Gipuzkoa Donostia Kutxa, and Caja Vital
Kutxa in 2012, a September 2018 report by the company shows
that the KutxaBank has garnered a total of €42.2 and €42.5
billion in both assets and customer deposits respectively.
Offering current and savings accounts, debit/credit cards,
pension, life and auto insurance, online banking, investments,
and personal loans as services, currently operates in Andalusia
and Extremadura. In 2013 the bank signed a 10-year, €200 million
value alliance with IBM to innovate and optimize the bank’s
technology infrastructure, branch offices, and ATM maintenance.
The alliance included an agreement of which IBM will create a
new company and two new technology management centers
which will employ nearly 300 professionals.
9. KutxaBank

12. Ibercaja Banco is a Spanish bank based in Zaragoza recognized as the
ninth-largest bank in Spain with three million clients, accounting for a
total of €53,107 million in assets and €138.4 million net profit via a 2017
company report.
The Bank has a network of 1,151 branches, 1,475 ATMs, and accounts for
5,265 employees across Spain, created by the Caja de Ahorrors and
Monte de Piedad of Zaragoza, Aragón, and Rioja to develop its financial
activity being 100% of the bank’s shareholders. Aragón, La Rioja,
Guadalajara, Burgos, and Badajoz and home markets of the bank while
Cataluna, Comunidad Valenciana, and Madrid are its growth markets.
Spain’s banking sector consists of twelve banking groups representing
over 90%of the banking industry—59 private banks, 63 cooperative
banks, two savings banks, and over 80 other branches that spread across
the country making it a very expansive one on which the country’s
growing economy relies on. It generates 70% of the country’s GVA and
61% employment generation.
10. Ibercaja Banco

13. The return on equity concerning profitability reported a continued
increase from 7.05% (December 2017) to 8.37% (December 2018) and an
efficiency ratio of 49.6%.
In 2019 the government-approved Macroprudential Authority was
established to detect and analyze possible systemic risks and to alert
warnings about detected systemic risks that could affect Spain’s
financial stability. The industry also adapts to new innovative digital and
payment technologies, one such as the BIZUM which is a person-to-
person instant mobile payment system launched by a team of 27 Spanish
banks in 2016. The application conducts money transactions allowing
users to associate a bank account to the service for free real-time money
transfers.
10. Ibercaja Banco

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