Banking and finances

Consumer financing, the only one that maintained its rate in the face of the collapse in mortgages and the fall in loans to companies, is losing steam. Financial credit establishments lent 21,794.44 million euros between January and September, a figure that implies a year-on-year increase of 4.3%, but certifies a slowdown that has not been … Read more

Despite the drastic increase in the cost of financing and although the Euribor shows signs of stabilizing, the price of credits still has room to rise. The Bank of Spain estimates that the rate increase “has not been fully transferred to the average rates of loan portfolios to households and non-financial corporations” and “in the … Read more

Bankinter turns the mortgage market upside down with a new product, called Dual Mortgage, that allows you to choose what percentage of it will be fixed and what variableso that the two formats coexist during the life of the loan. In this way, according to the entity, the percentage of capital in fixed form will … Read more

The non-performing loan rate for loans granted by Spanish banks fell in June to 3.5%, thus falling to its lowest level in fifteen years. According to the data made public this Friday by the Bank of Spain, the balance of doubtful loans has fallen in a single month by around 655 million euros, to remain … Read more

Deutsche Bank liquidates positions in damaged assets acquired after the financial crisis in Spain. Its investment banking unit has brought to market a credit portfolio with payments with a face value of 1.6 billion of euros acquired in 2014 from a large bank and that integrates some 200,000 operations with clients. The baptized as Project … Read more

BBVA and the unions have signed peace after the strong conflict over the workforce’s mortgages with an agreement that improves any solution given so far by a financial institution against the Euribor rally. The bank and union representation (CCOO, UGT, ACB, CGT, ELA, SEC, CIG and Intersindical) have signed an agreement that guarantees its employees … Read more

The Bank of Spain has warned of a “slight increase” in credits under special surveillancealso known as ‘stage 2’, in the first quarter, since the ratio of these loans stood at 7.2% at the end of March compared to 7.1% at the end of 2022. This was reported by the General Director of Financial Stability, … Read more

The torrential rains, Danas, the Philomena storm and even the eruption of a volcano. In recent years there has been a notable increase in meteorological phenomena and with them the material and personal damage that they cause and that insurers have to bear. In the last six years the insurance has had to face payments … Read more