“Spain has excess capacity.” This phrase has been repeated to exhaustion in the banking sector, both among the entities themselves and among supervisors. Translated, it means that the templates and the number of offices should be reduced. The ultimate goal, as noted, is to improve profitability and bank solvency. The Spanish banking industry has spearheaded office closures and layoffs in Europe in recent years. However, this reality has not allowed it to leave the tail of the continent in terms of solvency levels.
The layoffs leave Spain as the country in Europe with the fewest workers for each bank branch