Financial analysis
Financial and banking regulation and its effects, the competitive structure of the banking sector, the means of payment for business financing and the role of finance in economic growth are some of the aspects discussed in this section.
Highlighted
Los tipos de interés se mantuvieron estables tras la última reunión del BCE de la semana pasada. Francisco Rodríguez, de Funcas, explica que la autoridad bancaria podría decantarse por próximas subidas. Además del riesgo de inflación, la política de tipos bajos no se está traduciendo en un aumento significativo del crédito –puesto que el consumo depende más de factores ajenos a la financiación–, sino más bien, en un incentivo al endeudamiento de los estados y, también, para la adopción de riesgos por parte de ahorradores particulares e inversores empresariales.
Artículo
Spanish non-financial corporates’ balance sheets: Asset growth and deleveraging in the euro era
Fecha:
July 2025
Since entering the euro area, Spain’s non-financial corporations have doubled their real asset base while significantly reducing leverage, particularly bank debt. This structural shift from debt-financed expansion to self-funded investment reflects broader changes in corporate behavior amid evolving economic and financial conditions.
Artículo
Revolving credit in Spain: Between financial inclusion and consumer risk
Fecha:
July 2025
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.
Artículo
Bank bond spreads after the Global Financial Crisis: From fragility to fundamental strength
Fecha:
July 2025
Once seen as safer and cheaper than corporate debt thanks to its regulated profile and implicit government backing, since the 2008 financial crisis, bank-issued debt has carried a risk premium, driven by regulatory shifts, sovereign exposures, and profitability concerns. Recent improvements in capital generation, liquidity, and diversification suggest that the premium may no longer be justified on fundamental grounds.