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2 clusters · 4 sources · 17 days · First seen · Last updated

Spanish banking sector financial performance

Overview

The Spanish banking sector is demonstrating varied financial performance and a growing reliance on insurance-related activities.

CaixaBank has set a target to reach a return on tangible equity of approximately 20% by 2027, aiming to lead the European banking sector. While the bank anticipates slower growth in its global credit portfolio and mortgage segment, it is exploring potential inorganic growth, such as the possible acquisition of Cetelem’s mortgage sector.

Other institutions are also reporting significant shifts. Banca March reported a first-half 2026 profit of 195 million euros, bolstered by a large accounting gain from a stake revaluation. Across the broader industry, insurance business has emerged as a primary profit driver; for instance, CaixaBank accounted for 56% of the total insurance profits among Spain’s thirteen largest banks in 2025, significantly outpacing competitors like BBVA and Santander.

Entities

CaixaBank · Bank of America · Gonzalo Gortázar · Banca March · Cetelem

Timeline

  1. [BUSINESS] 2 sources
    Spanish banks report varied earnings and insurance growth

    Banca March doubled its H1 2026 profits to 195 million euros due to a revaluation of Corporación Alba, while CaixaBank dominates the Spanish banking insurance market.

  2. [BUSINESS] 4 sources
    CaixaBank targets 20% return on equity by 2027

    CaixaBank CEO Gonzalo Gortázar forecasts a 20% return on tangible equity by 2027, driven by leadership in Spain and Portugal, despite slower mortgage growth and potential Cetelem acquisition interest.

Sources

bilbaohiria.com · elplural.com · expansion.com · merca2.es