Service Tax Additional
select a format
Recent Viewed Reports
Why Ken Reasearch?
While we still are studying and analysing your reports about Vietnam & Thailand, we would like to convey to your research team that they have done a very good job in compiling so much of information together. We hope to see more of such well researched reports. All the best & keep it up. ... "Prashant Bhagwat,General Manager, Mahindra"
We would like to appreciate Ken Research for their great efforts and wonderful support in providing the Market Intelligence Report for ITPC. The information, statistics and research are well understandable and very clear to the point. We are happy with Ken research for their good client service, on-time delivery of the report and as said the report itself. Thank you Ken research for bringing the valuable output for us. We would be looking forward to have more research with you in the near future. Wish you a success in your business!... "Jestin Mathew, Indonesian Trade Promotion Center"
The Report was very interesting and useful for me... "Marketing Manager, Western Union Business Solutions"
Ken Research completed the report successfully with tough deadline and large requirement. Really appreciate it... "Sales Manager, Largest India Aesthetic Laser Manufacturer"
We found the report really useful in understanding the complex Indian market and it provided lots of high quality insights. On the basis of this we commissioned Ken to produce a bespoke follow up to answer some specific questions about our market. This is now being used to help develop our marketing and sales strategy. We were very pleased with the comprehensive coverage, detail provided and actionable insights.... "Owner, Therefore Consulting UK"
A major restructuring of the banking system is now underway in Spain, with the market opening up to new entrants in order to encourage greater competition. Investment in banking infrastructure is likely to speed up digital expansion. The market for financial services is concentrated, with a handful of large banks controlling a significant market share. Product ownership rates are lower than average. Consumers generally favor providers they have an existing relationship with. The strength of customer service within branches has a strong relationship with advocacy. Banks and regulatory authorities are taking measures to strengthen the banking sector in Spain.
The banking sector in Spain is concentrated, with the top three providers accounting for 51% of main current accounts.
Spanish consumers tend to choose providers on the basis of branch location and reputational factors.
Switching rates are low in Spain compared to the global average of 17%. Pull factors prompt consumers to switch providers.
Spanish savers are cautious, with around two thirds saving to protect themselves against unforeseen events and one third saving for retirement. A desire for value for money over brand is among the top three consumer characteristics.
The Spanish mortgage market will grow at a modest rate of 11% over the next few years. More than eight in 10 mortgage holders have opted for a repayment product rather than an interest-only loan, suggesting consumers prefer a safer and more straightforward approach to repaying their loan.
More than a quarter of Spanish consumers have a personal loan, and consumer lending is dependent on overall economic development. The personal loans market is dominated by Banco Santander, La Caixa, and BBVA -45% of loans are held with these three providers.
More than half of the population use smartphones in Spain, implying a large potential market for mobile-delivered financial services. Continued investment in the countrys banking infrastructure is key to progress.
Verdict Financials Retail Banking Country Snapshot: Spain is a review of the retail banking sector in Spain, with a particular focus on the current account, savings, mortgage, and personal loan markets. It includes both market-level data and insight from our global consumer survey.
Overview of Spains banking sector.
Insight into consumer preferences in Spain, the reasons for taking out their financial products, and how this has evolved in years.
Understanding around which providers dominate the current account, savings, mortgage, and loan markets and why.
Examination of the extent to which consumers are using online and mobile channels to research, take out, and use their financial products
Reasons To Buy
Future proof your strategy with market sizing, forecasts, and analysis of key developments currently affecting Spains retail banking sector.
Target consumers with inside knowledge of their true behaviors and attitudes, with detailed analysis from our proprietary insight.
Learn about the impact new entrants and distribution channels will have on the market.
BANK INFRASTRUCTURE & REGULATION
Caja Rural Del Sur
Banco Espirito Santo
Banco de Espana
Current account, Savings, Mortgage, Loan, Online, Mobile, Branch, New entrant, Competition, Gross advances, Outstanding balances, Banking, Spain