• +353-1-416-8900(GMT OFFICE HOURS)
  • 1-800-526-8630(US/CAN TOLL FREE)
  • 1-917-300-0470(EST OFFICE HOURS)
The Restructuring Of Spanish Savings Banks: A Profound Transformation Of The Spanish Banking Industry Feb 11 Product Image

The Restructuring Of Spanish Savings Banks: A Profound Transformation Of The Spanish Banking Industry Feb 11

  • Published: February 2011
  • Region: Spain
  • Standard & Poors

FEATURED COMPANIES

  • Banco de Sabadell S.A.
  • Banco Santander S.A.
  • Bankinter S.A.
  • Barclays Bank S.A.
  • CaixaBank S.A.
  • MORE

Abstract
The restructuring of the savings banks that commenced in 2010 is, in Standard & Poor's Ratings Services' view, likely to result in one of the most profound changes in the history of Spanish banking. In our view the successful execution of the restructuring is key to the outlook of the whole industry, and faces numerous hurdles, particularly given the relatively weak profiles of many of the consolidating entities and the difficult business environment we envisage for 2011. (Watch related CreditMatters TV segment titled, "Why Spanish Banks Still Face Difficulties In 2011", dated March 16, 2011.) The savings bank sector is in the middle of a major consolidation process that, we understand, aims to prepare institutions to operate in a less...

Companies mentioned in this report are:
- Banco Santander S.A.
- Caja de Ahorros y Monte de Piedad de Madrid
- Banco Espanol de Credito S.A.
- Bankinter S.A.
- Barclays Bank S.A.
- Caja de Ahorros y Pensiones de Barcelona (Unsolicited Ratings)
- Banco de Sabadell S.A.
- Banco Popular Espanol S.A.
- Caja de Ahorros y Monte de Piedad de Gipuzkoa y San Sebastian (Kutxa)
- Caja de Ahorros y Monte de READ MORE >

- Banco Santander S.A.
- Caja de Ahorros y Monte de Piedad de Madrid
- Banco Espanol de Credito S.A.
- Bankinter S.A.
- Barclays Bank S.A.
- Caja de Ahorros y Pensiones de Barcelona (Unsolicited Ratings)
- Banco de Sabadell S.A.
- Banco Popular Espanol S.A.
- Caja de Ahorros y Monte de Piedad de Gipuzkoa y San Sebastian (Kutxa)
- Caja de Ahorros y Monte de Piedad de Zaragoza Aragon y Rioja (IBERCAJA)
- Banco Bilbao Vizcaya Argentaria S.A.
- Confederacion Espanola de Cajas de Ahorros
- Santander Consumer Finance S.A.
- CaixaBank S.A.

Note: Product cover images may vary from those shown

RELATED PRODUCTS