the safest of all is Spanish

When placing your savings in a bank It is important to consider what solvency of this banking institutionsince this determines whether the money will be safe or not in the event of a banking crisis.

To help with this analysis (which can be complex), the media specialize in economics. Money.it prepared list of the most influential banks in all of Europe. And there’s good news because The rating is topped by a Spanish company.

Banco Santander is the safest bank in all of EuropeNext come the French BNP Paribas and the Italian Intesa Sanpaolo. In addition, in top 10 There are two more Spanish banks: BBVA (in fifth place) and CaixaBank (in seventh place).

In any case, it’s worth remembering In Spain there is a so-called Deposit Guarantee Fund for Credit Institutions.. This is a fund financed by banks, savings banks and credit cooperatives, which guarantees that in the event of bankruptcy of a banking institutionthe client is confident in return of the first 100,000 euros that you have in the organization.

That’s why, People with large assets are advised to diversify their money across several banks.since the aforementioned Deposit Guarantee Fund will cover a larger percentage of your wealth.

For example, If a person with total assets of 300,000 euros has all his savings in Banco Santander and there is a very unlikely event of bankruptcy of the enterprise, You will only be guaranteed compensation of 100,000 euros.

Against, If of this 300,000 euros, 100,000 euros are placed in Banco Santander, another 100,000 euros in BBVA and the remaining 100,000 euros in CaixaBank.yes it is all money will be covered Deposit Guarantee Fund.