What profit did the bank make in 2023? Results from Santander, BBVA, Sabadell, CaixaBank…

2023 was one of the best years for Spanish banking, especially for its large banks. Banco Santander, BBVA, CaixaBank, Banco Sabadell and Bankinterwho won in total €26,088 million, 25.96% further. These benefits are due to the increased revenue that various businesses received after rising interest rates European Central Bank (ECB).

Money received by five major banks in Spain, due to Unicaja

which still needs to report its results, it is displayed in 11,428.1 million euros in Spain alone. Which represents a profit of 52.8% more and accounts for almost half of the total. From all banks Santander made the biggest profit last year: 11,076 million euros, or 15.31% more.

Group chaired by Ana Botin exceeded profits of 10,000 million euros for the first time. Following Santander is BBVA with 8,019.1 million, up 22.25%, and CaixaBank with 4,816 million, 53.93%.

Forecast for 2024

Thanks to the good results with which large banks completed 2023, these They hope this year will be even better.. “If 2023 was good, 2024 will be even better,” Botin said. In turn, BBVA leader Carlos Torres believes in the same thing: “Earnings, in our opinion, will continue to grow.”

Some of the reasons that cause banks to forecast these profits are based on the fact that revenues should still grow slightly, especially in the first half of the year

and that the same banks will contain expenses, mainly depositswhile reducing others such as contributions to rehabilitation and deposit guarantee funds.