Spain Banks List 2025: 20 of the Biggest Banking Institutions in Spain!

Spain's banking sector has demonstrated resilience, maintaining stability despite economic challenges and adapting to evolving consumer preferences through online banking transformations.

Spain Banks

The sector is characterized by a traditional business model with a strong retail orientation, where banks are primarily deposit-funded. Aggregate assets of Spanish credit institutions amounted to 285 percent of GDP in June 2023.

The "big four" banks in Spain are Banco Santander, BBVA, Caixabank, and Banco Sabadell.

Spain Banks List (2025 Update)

Here are 20 of the largest banking institutions operating in Spain:

1. Banco Santander: Spain's largest bank, offering a comprehensive range of services including retail, corporate, investment banking, asset management, and insurance. Known for its global presence, especially in Latin America and Europe.

2. Banco Bilbao Vizcaya Argentaria (BBVA): Provides a wide range of financial services, including retail, wholesale, asset management, and private banking. Has a significant international presence and a strong focus on digital innovation.

3. CaixaBank: One of the largest banks in Spain after merging with Bankia, offering retail banking, insurance, asset management, and business banking services. A leader in mobile banking with an extensive branch network.

4. Banco Sabadell: A significant Spanish bank focusing on retail and business banking.

5. Bankinter: Known for its digital banking services and offers various financial products for individuals and businesses.

6. Unicaja Banco: A Spanish bank that provides financial services to individuals, businesses, and institutions.

7. Abanca: A financial institution offering a range of banking services.

8. Kutxabank: A Spanish bank with a focus on retail and business banking services.

9. Grupo Cajamar: A cooperative banking group in Spain providing financial services.

10. Ibercaja Banco: A Spanish bank involved in retail and business banking.

11. ING: A global bank with operations in Spain, providing online and mobile banking services.

12. Caja Rural Group: A cooperative credit institution that operates in the Basque Country and other regions of Spain.

13. Bankia: A Spanish private bank specializing in wealth management and advisory services.

14. Deutsche Bank SAE: The Spanish branch of the German multinational investment bank providing various financial services.

15. Arquia Bank, S.A.: A Spanish bank catering to professionals, particularly architects and other technical professions.

16. Open Bank, S.A.: Santander's digital bank, offering online banking services.

17. Allfunds Bank, S.A.: A B2B bank providing services to the fund industry.

18. ANDBANK ESPAÑA BANCA PRIVADA, S.A.: A private bank in Spain offering wealth management services.

19. Aresbank, S.A.: A smaller Spanish bank.

20. Orange Bank, S.A.: The Spanish branch of the French bank, offering mobile banking services.

The Spanish banking sector has shown strong profitability, with an average return on equity (RoE) of 14.5% achieved by a sample of banks (BBVA, Santander, Banco de Sabadell, and CaixaBank). However, profitability is expected to decrease in 2025.