• TRM (USD/COP)COP 3,235.59 +1.65% +COP 52.60Colombia's official exchange rate (Financial Superintendence), valid Nov 4 to Nov 4
  • EuroCOP 3,617.08 +1.72% +COP 61.02Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote
  • Mexican pesoCOP 173.98 +3.35% +COP 5.64Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote

Santander, BBVA and Sabadell relaunch personal banking to hold off neobanks

FinanceInternationalExpansión35 s readAI summary
Image: Expansión

Spain's large banks have refocused on personal banking, the segment of clients with assets between 100,000 and 500,000 euros, as a defensive move against neobanks. Santander, BBVA and Sabadell have revised their strategy with organizational changes or an expanded service offering. Digital players such as Trade Republic, Revolut and MyInvestor are gaining ground among clients with greater savings and investment capacity thanks to their product range, competitive fees and digital operations.

In 35 seconds

  • Santander, BBVA and Sabadell are strengthening personal banking to hold off neobanks
  • The segment serves clients with assets between 100,000 and 500,000 euros
  • Sabadell is creating a personal banking unit led by Xavier Blanquet and separating it from private banking
Read the full story at Expansión

IASummary generated by artificial intelligence from a story by Expansión. It may contain errors: the original source prevails.

Comments

Be respectful. Comments reported by several people are hidden until a moderator reviews them.

You do not need an account to read, only to comment. Sign in with a code sent to your email or with your Google account. We only show the name you choose, never your email.

    Keep reading