SPAIN’S biggest banks have seen profits soar by 11.8% in the first half of 2025, compared to the same period last year.
The combined net profits of the six largest entities clocks in at just over €17 billion.
The biggest percentage rise has been for Sabadell Bank which is embroiled in trying to fend-off a hostile takeover from BBVA.
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Sabadell’s profits rose by 23.2% to €975 million.
The biggest profit-maker in real terms was Santander with €6.8 billion- up by 12.8% across all of its international operations.
Santander is buying the UK’s TSB Bank from Sabadell who will use the money as a sweetener for shareholders to reject the BBVA bid.
Spain’s third-largest bank, Caixbank reported a 10.3% increase to just under €3 billion over the first six months of the year.
Caixabank CEO, Gonzalo Gortazar, said: “We have significantly increased our volume of business with families and companies; while maintaining our capital strength and reducing non-performing loans.”
Unicaja reported €338 million in profits up by 15% while Bankinter pocketed €542 million- a 14.6% rise.
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Always good news for investors to see rises in profits. A breakdown of how these profits were accumulated would be useful to get an idea if they are a flash in the pan or repeatable.
This is because they save on giving good interest rates to their customers savings!