CARGA_INICIAL20200528
Revolving credit plays a growing but still limited role in Spain’s household borrowing landscape, offering flexible financing to consumers with limited access to conventional credit. However, its complex structure and high associated costs raise concerns around transparency, education, and regulatory oversight.
Este trabajo ofrece, a través de una comparación regulatoria europea, mecanismos para maximizar el valor del crédito revolving como instrumento de inclusión financiera sin comprometer
la sostenibilidad del sistema.
After years of trading below book value despite solid fundamentals, Spanish and European banks have seen a marked revaluation since late 2024, surpassing price to book value (P/BV) ratios of 1x. Improved margins have supported a strong recovery in valuations, narrowing the profitability gap with U.S. peers; however, structural and regulatory differences continue to explain the persistent valuation gap between European and U.S. banks.
Este artículo muestra, a través de un análisis comparado, cómo las entidades significativas y menos significativas enfrentan presiones distintas en cuanto a costes operativos, digitalización
y rentabilidad, reflejando una recuperación desigual que puede condicionar el desempeño futuro del sector.