Financial institution focus, digitization and the seek for effectivity have resulted in not solely a discount within the variety of branches in recent times, but additionally a shift of their territorial distribution.
Financial institution focus, digitization and the seek for effectivity have resulted in not solely a discount within the variety of branches in recent times, but additionally a shift of their territorial distribution. After a decade, the outcomes can already be seen clearly: the Canary Islands continues to be the autonomous group with the fewest branches per inhabitant, however Catalonia and Madrid have climbed a number of locations within the specific rating to occupy second and third place.
Based on information from the INE and the Financial institution of Spain, in 2013 there have been 46.8 million inhabitants in Spain and 37,465 financial institution branches, that's, one for each 1,249 inhabitants. That yr the digitization of banking had not but began with pressure, however the banking map had begun to be simplified after the disaster of the financial savings banks, during which it will go from greater than sixty entities to barely a dozen.
On the finish of 2022, there are some 47.6 million inhabitants in Spain and 17,735 branches: one for each 2,683 folks. Branches are now not crucial for a lot of customers, the usage of money has fallen with the covid and the financial institution workforce in Spain has gone from 215,000 staff in 2013, in keeping with the ECB, to round 126,000 in 2022, in keeping with the figures from the banks themselves. The distribution of places of work has additionally modified.
Canarias and La Rioja proceed on the extremes of the classification. In ten years, the primary has gone from having one department for each 1,702 inhabitants to 1 for each 3,638, which makes it the autonomous group with the worst protection in each instances. La Rioja has continued to be the very best, regardless of going from a department for 755 folks to 1 for 1,492.
Within the rating, what occurred with Catalonia and Madrid stands out, with extra inhabitants density and amenities for digitization. In Catalonia, it has gone from tenth place in variety of places of work per inhabitant in 2013, with 1,226, to second, with 3,482, solely behind the Canary Islands. Madrid, with 1,331 inhabitants per department ten years in the past, has gone from fifth to 3rd place, with 3,369. Within the Mediterranean, the Valencian Group and the Balearic Islands have additionally climbed a number of positions.
There are different autonomous communities that, however, now come out higher off in relative phrases. Andalusia has gone from second to eighth place and Galicia from third to ninth. The Basque Nation, Asturias, Castilla-La Mancha, Navarra or Extremadura, regardless of shedding places of work, are actually higher off when in comparison with different areas.
On the finish of final yr, the entity that had by far probably the most branches in Spain was CaixaBank, with 4,081, regardless of having minimize its quantity because of the combination with Bankia. They're adopted at an excellent distance by Santander, with 1,913, and BBVA, with 1,886.
Sabadell has 1,228 branches and Bankinter, with 597, in keeping with the entities themselves. Of the outdated financial savings banks, Unicaja is, behind CaixaBank, the one with probably the most branches, with 969. In its case, the minimize final yr was the very best within the banking sector, 29%, as a result of integration with Liberbank.
The resistance to the closure of branches has given leads to rural areas and within the therapy of the aged, the 2 areas during which the Authorities has closed agreements with the banks. Just a few days in the past, each the Minister Nadia Calviño and the financial institution representatives expressed their satisfaction with the progress made in monetary inclusion.
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