Safest Banks in Spain

Following are among the best and safest banks in Spain:

Banco Santander
- It has been ranked 1st in Spain and 14th in the world among the safest banks by Global Finance magazine.
- By 1957, the Banco de Santander had become the seventh ranked finance house in Spain.
- In 2006, Santander made record profits of € 7.596 billion, the biggest of any Spanish company, spurring heavy investment in retail banking and quality of service.
- In 2007, Santander celebrated its 150th anniversary as the 12th largest bank in the world by stock market capitalization, 7th by profits and the bank with the largest retail distribution network in the western world.

Banco Bilbao Vizcaya Argentaria (BBVA)
- This is the second safest bank in Spain according to the Global Finance.
- BBVA enjoys a strong leadership position in the Spanish market, and has a leading franchise in South America; it is the largest financial institution in Mexico; one of the 15th largest U.S. commercial banks and one of the few large international groups operating in China and Turkey.

Banco Espanol de Credito S.A. (Banesto)
- It is ranked 24th among the world's safest banks for 2010 in the Global Finance magazine.
- Banesto's main activity in Spain is commercial banking, particularly in retail banking and business with small- and medium-sized enterprises (SMEs) and shops. It also conducts wholesale banking and activities in the capital markets.
- It has received Cinco Días prize for business innovation in social responsibility for emprendedorestv.com.
- It received the Euromoney Awards for Excellence for the results of 2007 and in the first quarter of 2008, when the bank outperformed its Spanish peers in business knowledge and revenues, risk quality and generation of earnings.

* Next: Top Largest Banks in Spain

Author

Kelvin Wong Loke Yuen is an experienced writer with a strong background in finance, specializing in the creation of informative and engaging content on topics such as investment strategies, financial ratio analysis, and more. With years of experience in both financial writing and education, Kelvin is adept at translating complex financial concepts into clear, accessible language for a wide range of audiences. Follow him on: LinkedIn.

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