Spain's big banks amass €29.2 billion in profit and eye a new annual record with ECB rates

Spain's big banks face a new earnings season with an estimated aggregate profit of €29.2 billion, 15% more than in the same period a year earlier, according to the published information. The sector is thus pointing to a new annual record, in a context shaped by ECB rates. Sabadell appears as the only exception in this scenario.