It is essential to decide where to open an account for those who plan to move to Spain. To help you choose a bank, we have lined up 10 popular banks in Spain below. The Spain banking sector includes 63 cooperative banks, 59 private banks, and two savings banks. Meanwhile, over 80 branches of foreign banks. Here we have written 10 popular banks in Spain that you can choose from.
1. Banco Santander
Banco Santander is the most popular bank in Spain and the largest bank in Spain in terms of lending, assets and deposits. Meanwhile, it has around 200 million employees, and 135 million customers. The Banco Santander operates in the Americas, Asia, and Europe. Its primary markets include the United Kingdom, United States of America, Argentina, Germany, Mexico, Brazil, Portugal, Chile, and Poland.
Banco Santander Group has a big network of 13,277 branches throughout the world. Furthermore, it started operations in China and established offices in Uruguay and Puerto Rico.
2. Banco Bilbao Vizcaya Argentaria, SA (BBVA)
BBVA bank is the second largest bank in Spain. In 1999, It was merged from Banco Bilbao Vizcaya (BBV) and Argentaria. Nowadays, it serves 75.7 million customers, almost in 30 different countries. However, Banco Bilbao Vizcaya Argentaria, SA position is vital, especially in Latin America.
CaixaBank is the third largest and most popular bank in Spain, and its headquarters is in Valencia. Also, it has a leading retail banking business in Portugal, with more than 2 million BPI clients. CaixaBank has9,335 ATMs, 15.7 million customers and 5,033 branches nationwide. CaixaBank relatively founded in 2011, and its main shareholder is CriteriaCaixa.
4. Banco de Sabadell
Banco de Sabadell is the fourth largest bank in Spain that is located in Alicante. In 1881, this bank came into being by a group of 127 businessmen. Nowadays, serves 11 million customers, over 26,000 employees, and a network of 2,455 branches. Last year, Banco de Sabadell company had a market capitalization of $ 5.9 billion.
Bankia is the fifth-largest bank in Spain. It has 2,200 ATMs, with a network of 2,300 branches, and serves 8.1 million customers. In 2010, Bankia was founded after seven savings banks in Spain were merged into the Institutional Protection System such as Caja Canarias, CaixaLaietana, Caja Madrid, Caja Avila, Caja Segovia, Caja Rioja, and Bancaja,
Meanwhile, Bankia offers banking insurance, real estate services, commercial banking, asset management, and online banking.
Bankinter is the sixth-largest bank in Spain, and definitely part of the most popular banks in Spain. It is considered as being one of the most profitable and leading banks in Spain. Bankinter provides corporate and personal services like insurance products, private banking, and mutual funds.
In 1965, It was established by a joint venture between Bank of America and Santander. In 1972, entered the Madrid Stock Exchange as an independent banker. Bankinter loan portfolio reaches 54.8 billion euros with total assets of 76.3 billion euros. Furthermore, it has 400 financial agents with 445 branches in Spain.
KutxaBank is the seven largest bank in Spain located in the Basque Autonomous Community. It offers the services of debit and credit cards, savings accounts, checking, auto insurance, life insurance, online banking, retirement products, and many other services.
In 2012, KutxaBank was officially formed as a merger of Basque financial institutions, such as GipuzkoaDonostiaKutxa, Bilbao Bizkaia Kutxa and Caja Vital Kutxa.
8. Unicaja Banco
It is the eighth largest bank in Spain. In 2011, Unicaja Banco SA registered and built its leading positions in Leone, Andalusia, and Castile. It serves3 a million customers nationwide with approximately 1,180 branches.
Unicaja Banco, headquartered in Malaga. It offers different services such as asset management, retirement plans, savings accounts, personal and commercial loans, investment products, and brokerage services.
9. Ibercaja Banco
It is the ninth-largest bank in Spain. Ibercaja Banco headquartered is in Zaragoza, it has 5,600 employees who provide a wide range of personal and commercial banking services. Ibercaja Banco has 1,475 ATMs and more than 1,150 branches throughout Spain.
The main domestic market for Ibercaja Banco is Aragon, which includes the three provinces of Huesca, Zaragoza and Teruel, the autonomous community of Rioja, the municipality of Guadalajara, and Burgos and Badajoz.
It is the ten largest banks in Spain, as it is a large financial institution founded in 2011. Its headquarters is located in Betanzos, municipality of the Autonomous Community of Galicia, province of A Coruña. It is a subsidiary of Abanca Holding Financiero SA, which currently employs about 4,700 people. Abanca has more than 620 local branches and offices in France, Germany, Great Britain, Venezuela, Brazil, Panama, and Mexico.
Popular banks in Spain: Advice at SpainDesk
Indeed, choosing the right bank in Spain is not an easy task, since all settlements in the modern world take place through banks, it is important to have a bank that is there for you. We hope we have shown you a view ideas by giving you 10 popular banks in Spain. If you want any financial help or want to open an account with the help of financial experts, consult SpainDesk.
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